Analyst Charles Brennan of Jefferies maintained a Buy rating on Computacenter, reducing the price target to p3,200.00.
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Charles Brennan has given his Buy rating due to a combination of factors related to Computacenter’s recent performance and future outlook. The company released a trading statement for the first half of 2025, indicating that the full-year expectations remain largely unchanged. Although the first half of 2025 presented more challenges than initially forecasted, the company anticipates a stronger performance in the third quarter, which reduces the pressure on the fourth quarter.
Despite the challenges faced in the first half, the valuation remains attractive, prompting Brennan to maintain a Buy rating while slightly adjusting the price target to 3200p. This decision reflects confidence in the company’s ability to achieve its financial targets in the latter half of the year, supported by a promising start to the third quarter.