(CercleFinance.com) – While maintaining its ‘neutral’ recommendation on Elior Group, UBS lowers its target price from 3.3 to three euros, a new target leaving a potential upside of 7% for the title of the French group of catering and services.
In the summary of its research note, the broker explains that it is reducing its estimates for Elior in order to reflect its concerns about inflation. “We are now more cautious about the margin outlook,” he continues.
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