(News Bulletin 247) – Oddo BHF maintains its ‘underperformance’ opinion on Elior with a price target lowered from 2.8 to 2.6 euros, the day after a highly sanctioned publication for the group’s first half, with disappointment about the outlook.
While he remains ‘confident about the fundamentals of the catering sector and its resilience in times of economic crisis’, the analyst believes that Elior ‘has accumulated a number of strategic and operational errors in recent years’ .
“From a purely operational point of view, we still consider that improvement at Elior will be slower than its competitors, even with the integration of DMS, with a relatively high risk of integration in the short term,” he said. -he.
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