Elior: Stifel downgrades stock
(CercleFinance.com) - Stifel is downgrading its recommendation on Elior from "buy" to "hold," inching up its target price for the share from 6.
5 euros to 7 euros (current price: 7.3 euros, -1%), a target that is pretty much in line with the catering and services group's share price.
"The COVID-19 crisis has halted the pre-pandemic margin story and damaged the balance sheet. The stretched leverage is the key challenge for the equity story and makes the company in our view the least well positioned relative to peers into the recovery", the broker says.
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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.
5 euros to 7 euros (current price: 7.3 euros, -1%), a target that is pretty much in line with the catering and services group's share price.
"The COVID-19 crisis has halted the pre-pandemic margin story and damaged the balance sheet. The stretched leverage is the key challenge for the equity story and makes the company in our view the least well positioned relative to peers into the recovery", the broker says.
Copyright (c) 2021 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.