Elior: Credit Suisse initiates coverage as a seller
(CercleFinance.com) - Crédit Suisse has started to monitor the Elior share, with an "underperform" rating and a target price of 4.
20 euros (price at midday Tuesday: 4.9 euros, -3%), expecting 2022 operating profit that is 39% below the consensus, in a report on the contract catering sector.
"The stock looks priced for a turnaround despite screening as most at risk from delivery competition," the broker says, which prefers its peer Compass ("outperform" rating).
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