Edenred: on the rebound







Photo credit © edenred

(Boursier.com) — Edenred increases 2.5% to 47 euros this weekend. Like Bryan Garnier yesterday, Barclays finds that the stock offers a good entry point after its recent decline. The bank explains that the CFO was reassuring about the potential outcome of the Italian investigation and about French regulations. She thinks the debate over reputational and contagion risks in Italy is concerning in the short term, but the valuation looks attractive, with shares trading below their long-term average.


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