Sodexo: Stifel adjusts target price
(CercleFinance.com) - Maintaining its "hold" rating on Sodexo shares, Stifel has trimmed its target price for them from E100 to E98, ahead of the service group's annual results, due out next Thursday.
The broker continues to distance itself from the consensus' positive stance on Sodexo, judging that "the excitement around Pluxee's spin-off looks overdone" and retaining a structural concern about on-site services.
Stifel points out that its cautious view "is offset by a relatively undemanding valuation, leaving little absolute downside potential" for the stock. However, it still prefers Compass and Edenred in the sector.
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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.
The broker continues to distance itself from the consensus' positive stance on Sodexo, judging that "the excitement around Pluxee's spin-off looks overdone" and retaining a structural concern about on-site services.
Stifel points out that its cautious view "is offset by a relatively undemanding valuation, leaving little absolute downside potential" for the stock. However, it still prefers Compass and Edenred in the sector.
Copyright (c) 2023 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.