Citigroup cuts Elior to 'hold' after profit warning

Elior SA

27/05/2026 07:21

** Citigroup cuts Elior ELIOR.PA to "hold" from "buy" on after a profit warning in the French caterer's latest earnings update
** Broker says it does "not see an immediate path to rerating" given execution challenges in H1, including a dispute on a major contract in Italy and delayed contract starts in France  
** Citi lowers its TP by one-third to 2.4 euros ($2.8)
** Shares are down 29.1% year-to-date at 1.94 euros as of the previous close, according to LSEG data
** Of 11 analysts covering Elior, two rate the stock "strong buy" or "buy,"​ six "hold", and three "strong sell" or "sell" - LSEG data
     
($1 = 0.8593 euros)

 (Reporting by Jakob Van Calster)
 ((jakob.vancalster@thomsonreuters.com))