Fixes Spelling of 'wary' in 9TH Bullet
** Sodexo Cut Its FY Growth Forecasts on Thursday Citing Weakness in North American Business
** Sodexo Shares Closed 17.2% Lower at 60.15 Euros on Thursday, Dragging the Whole Sector Down; They Edge up 1% at 1027 Gmt on Friday
'what's Going on in the Kitchen?'
** Analysts at Jefferies Ask the Question as the Warning "Highlights the Long-Standing Structural Challenges", While Those at Morgan Stanley Say the Warning "Raises as Many Questions as Answers"
** Jefferies Advises Against "Buying the Dip" Due to the Lack of Visibility on Mgmt Action Plan Going Forward
** Morgan Stanley and Deutsche Bank Both Cut Their Stock Ratings by One Notch to "Equal Weight" and "Hold" Respectively, the Former Now Having Much Less Confidence in Sodexo's Execution
** MidCap Partners Notes That Lower-Than-Expected Volumes in Education May Suggest a Macro Slowdown in the U.S.
** Berenberg Adds Sodexo Will Need to Start Rebuilding Market Trust as Early as April 4 When It Reports H1 Results, as the Extent of the F'casts Cut Is More Significant Than Expected
** Berenberg and Morningstar, However, Still Expect Growth in Mid-Term, With the Latter Seeing the Shares Slump as "Overreaction"
** MidCap Partners Is Wary of Over-Interpreting the Impact on Elior Elior.pa, as the Smaller Peer Is Less U.S.-Exposed and Has Less Ambitious Targets
** Jefferies Sees Little Read-Across to London-Based Peer Compass Cpg.l Citing Reassuring Momentum Recently
(Reporting by Dimitri Rhodes)
((Dimitri.rhodes@Thomsonreuters.com))
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