Sodexo is up 1%, outperforming the CAC40, ahead of the presentation on January 6 of sales for its first accounting quarter, which Stifel expects to show organic growth of 11.9%, slightly above consensus.

We expect a solid start to the year, reflecting the continuing positive momentum in on-site services, driven by favorable macroeconomic and sectoral trends", says the broker, who also sees Sodexo reaffirming its full-year targets.

However, Stifel declares that it is "struggling to be convinced by the dossier beyond the short term, while the share is the subject of a consensus buy", and therefore maintains its "hold" recommendation on the service group's shares.

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