Lectra has jumped 8% to the top of the SBF120 index, with the support of Oddo BHF, which has raised its opinion from 'neutral' to 'outperform', with a price target raised from 26 to 36.5 euros, on the stock of the specialist in solutions for working with flexible materials.

Lectra enters 2024 with better fundamentals, while its balance sheet remains healthy, making it possible to consider further acquisitions", the analyst believes, adding that the valuation represents "a good entry point" for the company.

Copyright (c) 2024 CercleFinance.com. All rights reserved.