Sodexo: Barclays maintains 'Underweight' rating

(CercleFinance.com) - In its comments published this morning, an analyst at Barclays confirms his "Underweight" recommendation on the Sodexo share, due to the impact of the coronavirus epidemic.


Moreover, the broker remains "negative" towards its sector.

"In the Sodexo release on 18th March the group quantified... a c30% dropthrough (implying a c60% EPS cut for FY). We think the outcome in H2 could be worse than this both because of: 1) a longer period of recovery," Barclays said, which has set a target price of 96 euros for the share.



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