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ubs maintains buy rating on sodexo while lowering price target to 73.5 euros
UBS has reaffirmed its 'buy' recommendation for Sodexo while reducing its price target from 98 to 73.5 euros, indicating a 20% upside potential for the company. Despite acknowledging short-term challenges, UBS anticipates that a favorable market environment will support medium-term growth, arguing that Sodexo's 50% valuation discount to Compass is unwarranted.
ubs maintains buy rating on sodexo while lowering target price
UBS maintains a 'buy' rating on Sodexo while reducing its target price from €98 to €73.5, indicating a 20% upside potential for the stock. Despite acknowledging short-term challenges, UBS anticipates a favorable market environment will support medium-term growth, deeming the current valuation discount to Compass as unjustified.
warren buffett considers selling home services amid regulatory challenges
Berkshire Hathaway is reportedly in advanced talks to sell Home Services of America to Compass, though the company has denied any negotiations. Warren Buffett rarely sells businesses unless faced with significant issues, as seen in past sales like Applied Underwriters. The real estate market is struggling with regulatory challenges and high interest rates, prompting speculation about the future of Home Services amidst declining profitability and a shrinking number of agents.
Sodexo's share price drop seen as overreaction by UBS analyst
Sodexo's recent share price drop has been deemed an overreaction by UBS analyst Ivar Billfalk-Kelly, despite the company's first-quarter results falling short of expectations. He highlights strong sales momentum for the remainder of the year and significant growth opportunities in the foodservice sector, where $360 billion remains internalized by companies. Additionally, he notes that Sodexo's operating profitability growth margin is underestimated, with a projected RO of 5.9% by 2029, and the stock trades at a 45% discount compared to its main competitor, Compass.
bitwise launches solana staking etp enhancing access to crypto rewards
Bitwise has launched the Bitwise Solana Staking ETP (BSOL) on Deutsche Börse Xetra, providing European investors with institutional-grade access to Solana and its staking rewards. This product simplifies staking, ensuring transparency and superior returns, while reflecting Bitwise's confidence in Solana's growing prominence in the crypto space. With total client assets exceeding $12 billion in 2024, Bitwise aims to expand its European offerings, making innovative crypto products more accessible to retail investors.
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