Edenred: UBS cuts TP

(CercleFinance.com) - UBS confirms its buy recommendation on the share, but lowers its target price to E50 (from E66).


This new target still represents a 44% upside potential.

The adjustment of estimates brings us in line with our guidance for 2024E; we maintain our Buy rating with a price target of E50 UBS says.


Edenred clarified its targets for 2024, with EBITDA now expected to be between E1.23bn and E1.3bn, compared with E1.09bn in 2023. It also reiterated its aim to achieve total revenues of over E5bn by 2030
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