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Elior: AlphaValue downgrades stock

(CercleFinance.com) - On Wednesday AlphaValue downgraded its rating on the Elior share to "accumulate" against "buy" previously, with a reduced target price of 6.
65 euros, against 7.57 euros until now.

In a report, the independent broker highlights the "gloomy" outlook for the service group, at least in the short term.

The Parisian firm expects the current situation to penalise the collective catering business of the French group, particularly in the segments of company canteens and education.

The share is currently down about 1% at 5.7 euros.


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