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Sodexo: Berenberg renews buy rating

(CercleFinance.com) - On Wednesday Berenberg renewed its buy recommendation on Sodexo shares, with a target price of 87 euros, believing that the ups and downs of the group's recovery and the disappointing performance of its share price, and significant discount o peers, represent an attractive point for investors to increase their positions in the share.


In its study, Berenberg explains that it likes food service providers that are set to benefit from a number of growth drivers, regardless of increasing inflation.

This is the case with Sodexo, it says, whose recent H1 performance was not warmly welcomed by the market, despite profit margins being considered as quite satisfactory.

Sodexo shares are currently down 1.5% in a flat market in Paris.


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