Altran Technologies: Q4 12 sales in line with our expectations, positive outlook confirmed

BUY, Fair Value EUR7.5 (+40%)

News published on January Thursday 31, 2013
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This morning Altran reported Q4 12 sales in line with our expectations and 2% above the consensus average, while the positive outlook has been confirmed. We consider yesterday’s 6% share price fall -  which was triggered by fears of a share overhang in the case of a forced conversion of the OCEANE convertible bonds initially due on 2015 - is an opportunity to buy the stock. 

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