Capgemini price target raised to EUR 187 from EUR 170 at Jefferies

Jefferies raised the firm’s price target on Capgemini (CGEMY) to EUR 187 from EUR 170 and keeps a Hold rating on the shares. The firm sees broad-based evidence that end market demand is improving and, as such, growth at Capgemini has likely troughed and will accelerate. Accelerating growth and a price equity valuation discount creates a positive setup, although the debate for investors is whether acceleration off lows is enough, or whether the company needs to close the growth gap versus peers, the analyst tells investors in a research note.