Hannes Leitner, an analyst from Jefferies, maintained the Hold rating on EDENRED. The associated price target remains the same with €22.20.
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Hannes Leitner’s rating is based on a combination of factors that suggest a balanced outlook for EDENRED. The upcoming Q3 results are anticipated to show positive trends in face value increases and favorable CPI movements in Latin America, which are expected to counterbalance challenges such as lower fuel prices and regional issues in Chile and CSI. These elements contribute to a stable performance outlook, justifying a Hold rating.
Furthermore, the real potential for change lies in the forthcoming Capital Markets Day (CMD), where new mid-term financial targets are expected to be revealed. This event could provide more clarity on the company’s strategic direction and growth prospects, influencing future stock performance. Until then, the current market expectations remain modest, supporting the decision to maintain a Hold stance on the stock.