SODEXO : Stifel maintains its 'hold' recommendation ahead of the activity update
"We expect a solid start to the year, reflecting the continuing positive momentum in on-site services driven by favorable macroeconomic and sectoral winds", says the broker, whose forecasts slightly exceed consensus expectations.
While it also points to a positive outlook for sales in 2022-23, with annual targets that it believes will be reiterated, Stifel is 'struggling to be convinced by the dossier beyond the short term, when the stock is the subject of a buy consensus'.
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