EDENRED, the Financial sector company, was revisited by a Wall Street analyst today. Analyst Ed Young from Morgan Stanley maintained a Buy rating on the stock and has a €33.00 price target.
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Ed Young has given his Buy rating due to a combination of factors that, in his view, outweigh the risks from the new Italian investigation. He notes that Italy now represents only a relatively modest share of Edenred’s revenue, as the group has diversified geographically and reduced its exposure to this market over time.
He also highlights that Edenred states it is fully aligned with the latest Italian meal voucher regulations and is confident about the investigation’s outcome. In Young’s assessment, Edenred’s broader business fundamentals and market position remain solid, so the potential impact of the inquiry does not materially alter the company’s long‑term investment case.
In another report released on March 19, Kepler Capital also maintained a Buy rating on the stock with a €28.00 price target.