Compass: shares up as broker raises target
(CercleFinance.com) - Shares in British catering group Compass are up slightly on Tuesday after Morgan Stanley raised its target price for the stock.
The broker raised this from 1,600 pence to 1,700 pence, while attributing the stock an "equal weight" rating.
In a note to clients, Morgan Stanley said its analysis of the largest contract caterers in North America shows that Compass is gaining market share at the expense of rivals Sodexo and Aramark.
Compass shares were up a fraction (+0.1%) at 1,755 pence after these comments.
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