Stifel reaffirms its 'buy' recommendation on Elis, while adjusting its target price from €25 to €24, following a meeting with senior management which resulted in 'a positive message with 'secure' revenue trends and limited margin uncertainties'.

The brokerage makes minor adjustments to its adjusted EPS for 2024-26, and reduces its free cash flow expectations for the industrial laundry group, 'against a backdrop of higher tax rates, capital expenditure and interest expenses'.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.