Jefferies sees earnings momentum, positioning driving Support Services sector

Securitas AB

10/09/2026 10:04

** 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))