Elior: Bryan Garnier remains 'neutral'

(CercleFinance.com) - An analyst at Bryan Garnier today maintains his Neutral recommendation on the Elior stock, following his contact with the group's management.


"Once more Management confirmed that its first objective is to stabilize the situation... management confirmed that they have room for M&A but it will be limited to bolt-on and focused on US contract catering, as recently illustrated with the acquisition of Bateman Community living," the broker said.

The analyst also says confirmed his fair value of 14.50 euros for the Elior share.



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