Sodexo: BoA raises target price
(CercleFinance.com) - Bank of America (BoA) reiterates its "buy" rating on the Sodexo share, which belongs to its list of "best ideas", while raising its target price to 97 euros (current price: 84 euros, +1%), updating its model after the services group announced its H1 results.
The broker acknowledges an organic target that is weaker than expected in H2, although mentions several encouraging elements (margin in H1, renewed healthcare contracts in the US, free cash flow) and considers the share's valuation "attractive".
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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.
The broker acknowledges an organic target that is weaker than expected in H2, although mentions several encouraging elements (margin in H1, renewed healthcare contracts in the US, free cash flow) and considers the share's valuation "attractive".
Copyright (c) 2021 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.