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Fly News Breaks for March 29, 2018
SDXAY
Mar 29, 2018 | 16:30 EDT
Goldman Sachs analyst Daria Fomina downgraded Sodexo to Neutral from Buy with a price target of EUR97. Fomina cites a short-term increase in competitive pressures which may persist just as the company suffers from "intensifying labor inflation". The analyst adds that she is lowering her earnings forecasts by 15% over the next 3 years to reflect lower margin expectations and slower recovery in organic growth rate.
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