Elior: Oddo BHF raises its target price

(CercleFinance.com) - Although maintaining its 'underperform' rating on Elior, Oddo BHF has raised its price target for the share from E2.
5 to E3.3, following the adjustment of its estimates and a reduction in the liquidity discount it applies to the group's shares.

After H1 results that were reassuring regarding improved profitability, driven by the ramp-up of synergies and cost-cutting efforts, the broker hails the operational progress achieved, which should continue over the coming months.

Nevertheless, from a sector viewpoint, Oddo BHF feels that Elior's situation is less attractive than its main competitors Sodexo and Compass, which have bounced back more quickly from the pandemic.


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