AlphaValue/Baader Europe Tweaks Pluxee Price Target, Forecasts Amid 'Cautious' View on Turnaround

09:20 AM EDT, 09/14/2026 (MT Newswires) -- AlphaValue/Baader Europe adjusted its price target and forecasts for Pluxee (PLX.PA), noting that it still has a "cautious" view on the France-based employee benefits and rewards company's turnaround. "We keep a Buy on Pluxee as Brazilian PAT is priced in and, unlike Edenred, there is no antitrust file. However, we remain cautious on the turnaround, even if Pluxee trades at a discount. Business is concentrated on Employee Benefits (c.87% of group EBIT) and more exposed to float income for 12.6% (vs 7.7% at Edenred)," analysts said Monday. "We will closely monitor next year's guidance as the group will publish its FY next month." Taking these into account, the research firm trimmed the price target to 20.9 euros from 21.2 euros. EPS projections for fiscal years 2026 and 2027 were also lowered by 6.89% and 7.27%, respectively, to 1.36 euros and 1.39 euros, mainly due to expectations of higher financial expenses going forward.