Bernstein sees a compelling opportunity to buy this British stock
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Bernstein identified a buying opportunity in Compass Group, a major British catering stock, after its recent decline. The analysts dismissed concerns over outsourcing growth and AI's impact on dining volumes, citing strong first-half results. Bernstein maintained an Outperform rating with a price target of $38.70. The company's operating margin improved to 7.4%, driven by cost discipline and technology investments. Despite a slowdown in new business, growth is expected to rebound. Bernstein forecasts a 12% EPS growth for the year, supported by organic revenue growth and acquisitions.
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