UBS cuts Sodexo on uncertainty from lower 2026 margin forecast

Sodexo SA

08/12/2025 11:49

** UBS downgrades French food services firm Sodexo EXHO.PA to "neutral" from "buy", saying the group's forecast for a "slight" 2026 margin decline leaves uncertainty despite long-term opportunities

** "Expectations are very low for Sodexo following an extended period of poor performance," broker says

** It slashes the company's PT by 30% to 46.75 euros ($54.47) due to the lower estimates and higher risk levels

** UBS adds sentiment could change quickly if performance begins to improve

** Sodexo shares are down 1.7% at 44.54 euros, having dropped 44% YTD

** Out of 18 analysts that cover Sodexo, four rate the stock "strong buy" or "buy," 13 "hold" and one rates it "sell" - LSEG data

($1 = 0.8582 euros)

 (Reporting by Jérôme Terroy)

 ((jerome.terroy@thomsonreuters.com))