Sodexo: UBS raises TP

(CercleFinance.com) - UBS maintains its 'buy' rating on Sodexo shares, with a target price raised from E89.
5 to E101, representing 30% upside potential for the foodservices and corporate services group.

The potential for outsourcing-led sales growth and margin expansion through economies of scale and purchasing efficiencies is underestimated, the broker says, for which Sodexo is its best pick in the catering sector.


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