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Pluxee initiated with a Hold at Stifel

Stifel analyst David Vignon initiated coverage of Pluxee (PLXNF) with a Hold rating and EUR 25 price target The firm views the spinoff from Sodexo (SDXAY) as “highly positive for Pluxee,” but argues that “a lot of work is needed to improve the portfolio and position it for resilient fast growth.”

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