Capgemini jumps after BofA upgrade
** Shares in Capgemini CAPP.PA jump around 7% after Bank of America Global Researchraised its rating on the French IT services company to "buy" from "neutral"
** BofA says the risks it hadidentified earlier this yearhave now played out, whilemid-term growth expectations are more realistic
** It adds that long-term, it sees the company as well positioned in the global IT services landscape, and expects meaningful contribution from generative AI
** Broker also notes that after the 20% fall since March, the stock is now back to a higher-than-average discount versus peers; it hikes its price objective by 20% to 250 euros
** Stock is at the top of the SBF120 .SBF120 and STOXX 600 .STOXX indexes
Reporting by Leo Marchandon
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