On Wednesday, Edenred (EPA::FP) (OTC: EDNMY) saw its price target lowered by Jefferies to EUR38.60 from the previous EUR40.00, while the firm retained its Underperform rating on the stock. The adjustment follows an evaluation of the company’s first-quarter results and a comprehensive review of several key financial aspects including other revenue, float, net debt, and market share. Additionally, the latest developments in the meal voucher segment were taken into account.
The revision reflects a cautious stance from Jefferies due to anticipated shifts in economic conditions. The analyst…