Sodexo: Credit Suisse raises target price.
(CercleFinance.com) - Credit Suisse has raised its target price on the Sodexo stock from 108 euros to 116 euros after the contract catering group reported a 6% increase in H1 EPS.
The Swiss broker now expects a 16% increase in the Group's EPS in 2017, and maintains its "neutral" rating on the stock.
Amongst other positive factors, Credit Suisse has also cited changes in exchange rates (particularly the Brazilian real), lower taxes, acquisitions (450 million euros expected in 2017) and an improved outlook for its margin (1.4%).
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