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Compass: UBS raises target price

(CercleFinance.com) - UBS confirms its 'buy' recommendation on Compass Group shares, raising its target price for them from 2,475 pence to 3,090 pence, which now represents 15% upside potential for the British catering group's shares.


At a time when the market is wondering when margins might return to their pre-Covid peak of 7.5%, we see potential for long-term margins to reach 8%, the broker summarises.


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