Lacroix shares rose by almost 3% on the Paris Bourse on Wednesday, as analysts at Portzamparc added the company to their list of "High Five" mid-cap stocks.

The brokerage firm has issued a buy recommendation on the stock, together with a price target of 46.6 euros, representing a potential upside of 53%.

In its study, Portzamparc explains that it sees "numerous catalysts" for the stock, judging in particular that the potential linked to the proposed disposal of the signalling activities has not been well integrated by the market.

The intermediary also expects "good" first-quarter sales to be published on May 9.

Lacroix manufactures electronic equipment for its customers, as well as IoT and AI solutions for the automotive, industrial, connected homes and buildings, aerospace/defense and healthcare sectors.

The company also provides connected and secure equipment and solutions to optimize critical smart road infrastructures (public lighting, traffic management) as well as water and energy infrastructures.

In addition to Lacroix, Portzamparc's 'High Five' list includes Akwel, Equasens, Spie and Trigano.

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