Sodexo: UBS nudges up TP

(CercleFinance.com) - UBS confirms its buy rating on the Sodexo stock, nudging up its target price for it to E101.
5 (compared to E101).

"Continued progress should make for a reassuring set of 1H23 results," UBS said.

"We make some adjustments to forecasts linked to currency but continue to see strong 2Q23 organic growth and slightly raise the price target to EUR101.5," the broker adds.

Sodexo is maintaining its targets for FY 2023, i.e. organic growth of between +8 and +10%, in particular driven by inflation of 4% to 5%, and an operating margin of close to 5.5% at constant rates.


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