(CercleFinance.com) – While maintaining its ‘neutral’ position on Elior, UBS lowers its price target from 3.2 to 3.1 euros, a new target which leaves a potential upside of 10% for the group’s stock French for catering and services.
In the summary of its research note, the broker explains that it is adjusting its estimates to reflect a drop in the margin of Elior’s underlying activity and integrating the acquisition of DMS (Derichebourg Multiservices) into its model.
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