RBC announced on Monday that it had raised its target price for Sodexo shares from 80 to 82 euros following the recent publication of the French foodservices specialist's annual results.

The Canadian broker, which nevertheless reduced its earnings forecasts for the group by around 5% for fiscal years 2025 and 2026, justifies raising its target by the prospect of a more favorable base effect on the accounts.

The broker nevertheless considers the share to be well valued overall at its current levels, and states its preference for Aramark within the sector.

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