Edenred: Oddo confirms rating after sales announced.
(CercleFinance.com) - Oddo has confirmed its buy rating on the Edenred stock, along with its target price of 27 euros, after the group published its 9 months sales.
The broker's analysts said that the group's growth outlook and fundamentals remain unchanged.
Edenred posted total Q3 revenues of 310 million euros, up 11.5% (+6.6% like-for-like).
Oddo said that overall, Q3 is in line with expectations at 310 million euros (+11.5%, of which +7.1% stems from acquisitions), despite a greater-than-expected slowdown in organic growth (+7.0% vs. Oddo's estimate of 7.5%, relating to LatAm)."
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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's analysts said that the group's growth outlook and fundamentals remain unchanged.
Edenred posted total Q3 revenues of 310 million euros, up 11.5% (+6.6% like-for-like).
Oddo said that overall, Q3 is in line with expectations at 310 million euros (+11.5%, of which +7.1% stems from acquisitions), despite a greater-than-expected slowdown in organic growth (+7.0% vs. Oddo's estimate of 7.5%, relating to LatAm)."
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.