Sodexo downgraded to Hold from Buy at HSBC » 05:2509/1509/15/21
HSBC analyst Joseph…
HSBC analyst Joseph Thomas downgraded Sodexo to Hold from Buy with a price target of EUR 80, down from EUR 95. Caterers are "steadily" recovering to pre-Covid levels of revenue, but investors should be selective, Thomas tells investors in a research note. The analyst sees potential value in Sodexo shares but says has some internal uncertainties to address.
|Over a month ago|
Sodexo downgraded to Equal Weight from Overweight at Morgan Stanley » 06:4808/0608/06/21
Morgan Stanley analyst…
Morgan Stanley analyst Jamie Rollo downgraded Sodexo to Equal Weight from Overweight with an unchanged price target of EUR 100. Sodexo's "surprise CEO change could signal a more radical turnaround and/or unforeseen problems," Rollo tells investors.
Sodexo upgraded to Buy from Underperform at Jefferies » 04:4807/2107/21/21
Jefferies analyst Kean…
Jefferies analyst Kean Marden double upgraded Sodexo to Buy from Underperform with a price target of EUR 85, up from EUR 70. The analyst sees favorable risk/rewards for the catering stocks following the recent underperformance. De-risked balance sheets insulate the companies from what may be an uncertain recovery due to Covid variants, Marden tells investors in a research note.
Sodexo upgraded to Buy from Underperform at Jefferies » 20:2507/2007/20/21
Jefferies analyst Kean…
Jefferies analyst Kean Marden upgraded Sodexo to Buy from Underperform with an EUR 85 price target.
Sodexo price target raised to EUR 81 from EUR 80 at Barclays » 13:1207/0907/09/21
Barclays analyst Vicki…
Barclays analyst Vicki Stern raised the firm's price target on Sodexo to EUR 81 from EUR 80 and keeps an Underweight rating on the shares.
Sodexo upgraded to Add from Sell at AlphaValue » 05:0407/0207/02/21
AlphaValue upgraded Sodexo to Add from Sell.
Kellogg's Away From Home expands partnership with Sodexo » 08:1306/2206/22/21
Kellogg's (K) Away…
Kellogg's (K) Away From Home is expanding their existing partnership with Sodexo (SDXAY) to deliver a plant-based, meat-like experience with the new Incogmeato by MorningStar Farms Burger Patties at more than 3,000 locations. Sodexo, the world's leading provider of catering, hospitality and food retail services, already serves the Spicy Black Bean Burger by MorningStar Farms. The company is excited to meet the increasing demand for both plant-based and meat-like options.
|Over a quarter ago|
Sodexo, Athol Murray College renew partnership » 09:5305/2505/25/21
Sodexo has been providing…
Sodexo has been providing food services at Athol Murray College for 30 years. Within this renewed agreement, the company will have the mandate of renovating the dining hall to improve the quality of life and experience of 250 students on site, 7 days a week. Students will enjoy a new food offer, Powering Performance, an educative program that empowers students to learn more about food and nutrition to make better food choices, in line with their needs and activities.
Fly Intel: Top five analyst downgrades » 09:5205/2105/21/21
NLSN, STX, SDXAY, LPLA, CSCO
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Nielsen (NLSN) downgraded to Neutral from Buy at Citi with analyst Jason Bazinet believing Nielsen can hit its medium-term targets set forth at its investor day in December 2020, but at current share levels he no longer views the risk/reward as "overly compelling." 2. Seagate (STX) downgraded to Market Perform from Outperform at Northland with analyst Gus Richard saying Seagate shares have started to trade "in sympathy with cryptocurrencies." 3. Sodexo (SDXAY) downgraded to Underperform from Buy at Jefferies with analyst Kean Marden saying inflation and a tight U.S. labor market are providing headwinds for facilities management providers. 4. LPL Financial (LPLA) downgraded to Neutral from Outperform at Credit Suisse with analyst Craig Siegenthaler citing valuation for the downgrade. 5. Cisco (CSCO) downgraded to Hold from Buy at DZ Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Sodexo downgraded to Underperform from Buy at Jefferies » 04:4605/2105/21/21
Jefferies analyst Kean…
Jefferies analyst Kean Marden double downgraded Sodexo to Underperform from Buy with a price target of EUR 70, down from EUR 89. The analyst says inflation and a tight U.S. labor market are providing headwinds for facilities management providers. Sodexo's employee costs are significant in its facilities management division, says Marden, whose earnings estimates for 2021 and 2022 are well below consensus.