Sodexo: BarCap still 'underweight' after meeting
(CercleFinance.com) - Barclays Capital (BarCap) has reinstated its "underweight" recommendation on Sodexo, with a target price of 77 euros, the day after the services group presented its strategic agenda at an investor meeting.
While it believes that its presentation offered some promising elements to improve the operational performance of on-site services, the broker prefers to wait for evidence of progress in organic growth and its margin.
Also, in the area of catering services, BarCap still prefers the group's British peer Compass ("overweight" with a target price of 1770 pence), which it perceives as a "high quality compounder".
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
While it believes that its presentation offered some promising elements to improve the operational performance of on-site services, the broker prefers to wait for evidence of progress in organic growth and its margin.
Also, in the area of catering services, BarCap still prefers the group's British peer Compass ("overweight" with a target price of 1770 pence), which it perceives as a "high quality compounder".
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.