Sodexo: Oddo BHF still says 'reduce,' but raises target

(CercleFinance.com) - Oddo BHF maintains its "reduce" rating on the Sodexo share, although has raised its target price from 93 euros to 99 euros (downside potential of almost 5%), noting that the share's valuation suggests a slight premium on historic levels, although reflects a premium of over 30% on ISS and 5%/10% on Elior.


After the service group published annual results that are slightly above expectations, the broker notes its solid financial structure, although mixed forecasts for 2020, which are solid regarding growth, although weak regarding margins.

The share is up almost 4% on Friday morning.


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