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Edenred: on the right track with broker upgrade

( - Edenred jumped close to 5% supported by a Bank of America upgrade from 'neutral' to 'buy' with a price target of 47 euros, the share being considered by the broker to be “well-placed in new COVID-19 world”.

The broker considers that “Digitalisation is a revenue / margin opportunity and Edenred benefits from an excellent track record in terms of innovations” and sees “strong fundamentals” and a “unique growth & cash profile” for the group.

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