Sodexo: Crédit Suisse raises target price

(CercleFinance.com) - Credit Suisse has raised its target price for the Sodexo share, given its FY 22e margin improvement

"Our new estimates are 14%/9% ahead of consensus EBIT for FY22/23 on revenues 3-4% ahead," analysts say.


Credit Suisse has raised its target price for the share by 2 euros to 70 euros, while maintaining its neutral rating on the stock, mainly due to its medium and long-term margin of 5.7%, compared to 5.3% previously.

"Investors will likely monitor comments on the impact of home working on office catering and the extent to which the impact can be minimised, Sodexo quantified the net impact as 20%," the broker adds.


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