La Francaise des Jeux resumed with a Neutral at Citi

Citi resumed coverage of La Francaise des Jeux (LFDJF) with a Neutral rating and EUR 38.50 price target In leisure, the firm believes market leaders can continue to enhance their competitive advantage with multi-year double-digit earnings growth potential. It sees “highly favorable fragmented market structures” enabling technology deployment at scale as well as attractive pricing dynamics in hotels and caterers. Citi’s overall top pick is Whitbread and in the contract catering subsector the analyst prefers Sodexo.