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Elior: Stifel nudges up TP after Q1 results

(CercleFinance.com) - Stifel is maintaining its "hold" recommendation on Elior shares, having nudged up its target price for them from 2.
9 euros to 3.1 euros, after the catering and services group's Q1 trading update last week.

"The shares have been under pressure post a weak Q1 release on renewed cash burn concerns, and we see few catalysts for the stock to rebound," the broker said.

"Although the planned acquisition of DMS provides some relief on the financial situation, it will not address some of the structural issues, and visibility on execution is still low, in our view," it added.


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