Sodexo: UBS raises target price

(CercleFinance.com) - The analyst believes that growth and the achievement of targets are on track.
Operating profit was higher in the 1st half of 2024 and organic sales growth forecasts have been raised.

UBS confirms its Buy recommendation on the share, raising its target price for it to E93.25 (from E92), which represents 21% upside potential.

H1 2024 showed continued operational improvements and a message of confidence for FY 2024 and FY 2025, it says.

Solid performance driven by North America. Organic revenue growth forecasts have been raised, the broker adds.


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