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Sodexo's Turnaround Remains in the Future -- Market Talk

Dow Jones01-08

0731 GMT - Sodexo might need major investment if it is to get the business back on track, RBC Capital Markets analysts write in a note to clients. The French corporate-services group booked lower revenue for the first quarter of its fiscal year, hit by currency effects and weak performance in the North America market. New boss Thierry Delaporte looks set to spend a few months figuring out a plan for improvement, RBC says."It is possible that material investment may be needed to expedite the group's transition to an optimal commercial structure," the Canadian bank says, pointing to a possible though not probable delisting option. RBC has a sector-perform rating and a 50-euro target price on Sodexo stock. (joshua.kirby@wsj.com; @joshualeokirby)

 

(END) Dow Jones Newswires

January 08, 2026 02:32 ET (07:32 GMT)

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