Compass gained nearly 1% in London as Deutsche Bank announced on Wednesday that it had raised its recommendation on the stock from 'hold' to 'buy', with a parallel target price increase from 2,106 to 2,400 pence.

In a research note, the financial intermediary said it considered the British group to be the 'benchmark' in the contract catering sector, as evidenced by the resilience of its sales growth over the 2012-2019 period, as well as the high level of its operating margin.

Given the company's impressive and solid track record (structurally outperforming its own targets, the market consensus and its competitors), we are optimistic about its ability to generate growth that is both robust and accretive", emphasizes the analyst.


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