Jefferies reaffirms its 'buy' recommendation on Compass, with a price target lowered by 6% to 2,410 pence, in a note on the British foodservices group and its French peer Sodexo (also still advised to 'buy').

'The latest data confirms that the sector's outsourcing momentum has doubled since Covid, that major peers are gaining market share and that growth could remain high for a decade', says the broker.

In particular, Compass' organic sales could be around 50% higher than pre-Covid levels in fiscal 2026. However, the share is trading in the lower half of its historical valuation range', it continues.

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