Elior, Sodexo slip after peer's rating downgrade
ReutersMar 19, 2025 1:03 PM
Shares in caterers Elior ELIOR.PA and Sodexo EXHO.PA slip, with an analyst pointing to BNP Paribas Exane's double downgrade of their peer Compass CPG.L
"Compass is down on Exane's double downgrade this morning, dragging Elior and Sodexo along with it," Barclays analyst Pravin Gondhale says
BNP cites deteriorating industry client retention rates in the U.S. as a reason for its downgrade, Compass falls 3.5%
Elior is down around 4% at 1254 GMT, while Sodexo slips 1.3%
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