On Monday, HSBC downgraded its recommendation on Atos shares from 'hold' to 'lighten', with a price target reduced from five to four euros.

In a study devoted to the European technology sector, the broker is more cautious about the French group's 'atypical' situation.

The existence of a number of evolving factors creates a complex situation, between business disposals and a capital increase, with a question mark over the question of financing, at a time when operating performance is deteriorating against the backdrop of a cyclical slowdown in business", explains the broker.

Its price target has thus been reduced from five to four euros, representing a downward potential of around 34%.

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