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Edenred downgraded to hold as stock experiences slight decline
Edenred (OTCMKTS:EDNMY) has been downgraded by Barclays from a "strong-buy" to a "hold" rating, while Citigroup also raised its rating to "hold." The stock fell 1.2% to $16.80, with a 50-day moving average of $16.04 and a 200-day average of $17.88. Edenred offers various employee benefit solutions, including meal vouchers and childcare support.
analysts update recommendations and price targets for major european companies
Analysts have updated their recommendations for several companies, with notable changes including Accor's price target raised to EUR 54 and Legrand upgraded to buy with a target of EUR 125. UBS Group was downgraded to underperform, while Renault's target increased to EUR 68. Other adjustments include Michelin and Ipsen, both seeing target revisions.
analysts update recommendations and price targets for key european stocks
Analysts have made several notable recommendations, including JP Morgan maintaining an Underweight rating for Adecco with a reduced target of CHF 19.60, while Air France-KLM was downgraded by Barclays to Underweight with a target of EUR 7. ArgenX received a buy rating from HC Wainwright & Co, raising its target to 717 USD, and BioMérieux was upgraded to Outperform by Oddo BHF with a target of EUR 132. Other significant changes include upgrades for Deliveroo and Orange, while OVH Groupe remains a sell with a raised target of EUR 8.50.
ubs lowers edenred target price while maintaining buy recommendation
UBS has lowered its target price for Edenred to €50 from €66 while maintaining a buy recommendation, indicating a potential upside of 44%. The company expects EBITDA for 2024 to be between €1.23 and €1.3 billion, up from €1.09 billion in 2023, and aims for total revenues exceeding €5 billion by 2030.
ubs lowers target price for edenred in recent analysis
UBS has lowered its target price for Edenred, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis and bears no responsibility for its content. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
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