Elior: UBS cuts target price
(CercleFinance.com) - While maintaining its "neutral" rating on the Elior Group, UBS has cut its target price from 13.
7 euros to 12 euros, which suggests upside potential of 5% for the share of the French services and catering group.
In its research note, the broker explains that it is updating its estimates to take into account the divestment of concessions, and that its reduced target now reflects headwinds in the near term and caution around the recovery in its margin.
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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.
7 euros to 12 euros, which suggests upside potential of 5% for the share of the French services and catering group.
In its research note, the broker explains that it is updating its estimates to take into account the divestment of concessions, and that its reduced target now reflects headwinds in the near term and caution around the recovery in its margin.
Copyright (c) 2019 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.