UBS has reiterated its 'buy' recommendation for Sodexo, revising its price target to 99.5 euros from 101 euros. This suggests a potential upside of 37% for the company's shares.
Despite a weaker-than-expected first accounting quarter, UBS believes that the market may be overreacting to this short-term performance. UBS maintains a positive long-term outlook for Sodexo and suggests that the recent results do not fully reflect the company's overall potential. Investors should consider the long-term growth prospects of Sodexo.
UBS's stance demonstrates confidence in the company's future performance in the market.