Sodexo: Oddo confirms rating before results.
(CercleFinance.com) - The group will unveil its annual results on 16 November.
Oddo expects 2017 results to be unsurprising. The broker expects organic growth of 1.7%, with EBIT excluding FX factors at the lower end of an 8%-9% target range.
Before this publication, Oddo confirms its buy rating on the stock, along with a target price of 117 euros.
In 2018: organic growth is expected to rebound (Oddo forecasts +2.5%), meanwhile there should be no halt in the group's margin growth (a priori, medium-term EBIT excluding FX growth target maintained at 8%-10%).
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Oddo expects 2017 results to be unsurprising. The broker expects organic growth of 1.7%, with EBIT excluding FX factors at the lower end of an 8%-9% target range.
Before this publication, Oddo confirms its buy rating on the stock, along with a target price of 117 euros.
In 2018: organic growth is expected to rebound (Oddo forecasts +2.5%), meanwhile there should be no halt in the group's margin growth (a priori, medium-term EBIT excluding FX growth target maintained at 8%-10%).
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.