Jefferies sees earnings momentum, positioning driving Support Services sector
BUZZ-Jefferies sees earnings momentum, positioning driving Support Services sector ** Jefferies continues to see earnings momentum and market positioning as the key drivers of relative performance in the second half of the year in the Support Services sector
** Top choices of the sector include SPIE SPIE.PA, Bureau Veritas BVI.PA, Compass CPG.L, Elis ELIS.PA, and Experian EXPN.L while Eurofins EUFI.PA, Hays HAYS.L , Randstad RAND.AS , Securitas SECUb.ST are least preferred by the analysts
** Jefferies upgrades SPIE to “buy” from “hold” “on improved optimism on its growth outlook into FY27 and overdone recent share weakness”
** Jefferies upgrades Adecco ADEN.S to “hold” from “underperform” noting that their raised estimates are broadly in line with consensus expectations
COMPANY | RATING | OLD RATING | PT | OLD PT |
SPIE | Buy | Hold | €55 | €50 |
Bureau Veritas | Buy | Buy | €33 | €33 |
Compass | Buy | Buy | $40 | $40 |
Elis | Buy | Buy | €32 | €32 |
Experian | Buy | Buy | £36 | £36 |
Eurofins | Underperform | Underperform | €58 | €58 |
Hays | Underperform | Underperform | £0.45 | £0.28 |
Randstad | Underperform | Underperform | €26 | €21 |
Securitas | Underperform | Underperform | SEK130 | SEK130 |
Adecco | Hold | Underperform | CHF20.5 | CHF13.5 |
(Reporting by Orest Dovhan)
((Orest.Dovhan@thomsonreuters.com))
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