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Sodexo: Berenberg upgrades to 'buy'

(CercleFinance.com) - On Friday, an analyst at Berenberg announced that he is upgrading his rating on the Sodexo share from "neutral" to "buy," believing that the group could offer a solid outlook this year.

"In our view there has been some recent evidence that the tide is turning and that Sodexo could be set to deliver more robust growth in 2020. We believe evidence of this will be enough for the shares to experience some recovery," the broker said.

Berenberg has also raised its target price for the share from 105 euros to 117 euros. This is to be compared to the share's current price of around 101 euros.

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