Stifel announced on Friday that it had upgraded its recommendation on Elior shares from 'sell' to 'hold', with a target price of €25.

In a wide-ranging study of the corporate services sector, the broker maintains a favorable view of the foodservice segment, given the growing use of outsourcing in this area.

In its view, the confirmation of the recent inflationary trend is likely to support market players by sustaining the recovery of their profit margins.

Stifel nevertheless expresses its preference for the share of British Compass, which it recommends to buy, to the detriment of French Elior and Sodexo due to the group's more dynamic growth, its cautious forecasts and the opportunities offered by the structure of its balance sheet.

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