Elior: Credit Suisse initiates coverage as a seller
(CercleFinance.com) - Crédit Suisse has started to monitor the Elior share, with an "underperform" rating and a target price of 4.
20 euros (price at midday Tuesday: 4.9 euros, -3%), expecting 2022 operating profit that is 39% below the consensus, in a report on the contract catering sector.
"The stock looks priced for a turnaround despite screening as most at risk from delivery competition," the broker says, which prefers its peer Compass ("outperform" rating).
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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.
20 euros (price at midday Tuesday: 4.9 euros, -3%), expecting 2022 operating profit that is 39% below the consensus, in a report on the contract catering sector.
"The stock looks priced for a turnaround despite screening as most at risk from delivery competition," the broker says, which prefers its peer Compass ("outperform" rating).
Copyright (c) 2020 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.