On Tuesday, Stifel renewed its buy recommendation on Edenred, with a target price of 68 euros, citing a successful start to the year for the inventor of the meal voucher.
The research firm, which was able to speak to the group's management, expressed a "positive" message, similar to the comments that underpinned the publication of the 2023 annual results last month.
Underlying sales momentum remains favorable across all geographic regions and business lines, underpinned by the successful execution of our strategy, in line with our forecasts", stresses the research firm.
Stifel adds that the Group has warned, however, that currency effects are likely to continue to penalize its performance, notably due to the recent devaluation of the Argentine peso.
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Edenred SE is a leading digital services and payments platform and the everyday companion for people at work, connecting over 60 million employees and more than 2 million partner merchants in 45 countries via nearly 1 million corporate clients.
Edenred SE offers specific-purpose payment solutions for food (meal benefits), incentives (gift cards, employee engagement platforms), mobility (multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (virtual cards). These solutions enhance employee well-being and purchasing power, improve companies' attractiveness and efficiency, and vitalize the employment market and the local economy.
EDENRED SE 
