Wavestone climbs nearly 7%, supported by a recommendation upgrade by Stifel from 'hold' to 'buy', with an adjusted price target of €67 to €68, implying a potential upside of around 30% for the consulting firm's stock.

Following the publication of "better-than-expected quarterly growth in a still uncertain economic environment, but without deterioration", the broker considers Wavestone to be well positioned for EPS growth of 15% in 2024-25.

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