While maintaining its 'neutral' position on Elior, UBS has lowered its target price from 3.2 to 3.1 euros, a new target that leaves a 10% upside potential for the French food and services group's stock.

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 business and to integrate the acquisition of DMS (Derichebourg Multiservices) into its model.

Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.