Oddo BHF reiterates its 'outperform' opinion and 98 euro price target on Sodexo, after raising its estimates for the services group (+4% on average on EPS 2024-26), offset by updated market data.

The analyst is encouraged by last Friday's publication for the first half of the financial year, which he believes confirms the operational progress underway, and points to Sodexo's raising of its organic growth target for the year.

Oddo BHF adds that it values the company for its defensive profile, its potential for operational improvement, the future acceleration of organic growth and profitability, its solid financial structure and its valuation.

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