Goldman Sachs analyst Ben Andrews downgraded Sodexo (SDXAY) to Neutral from Buy with a price target of EUR 73, down from EUR 96. The company company missed expectations on organic growth and underlying operating profit margins, the analyst tells investors in a research note. The firm cites weaker organic growth for the downgrade.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SDXAY:
- Sodexo price target lowered to EUR 81.50 from EUR 96 at Berenberg
- Sodexo price target lowered to EUR 70 from EUR 82 at RBC Capital
- Sodexo price target lowered to EUR 89 from EUR 107 at Citi
- Sodexo downgraded to Equal Weight from Overweight at Morgan Stanley
- Sodexo downgraded to Hold from Buy at Deutsche Bank