Deutsche Bank announced on Wednesday that it had slightly raised its target price for Edenred, saying it expected third-quarter sales figures to confirm the group's resilience.

In a note released this morning, the financial intermediary said it had raised its target from 68 to 69 euros, while reiterating its buy recommendation on the stock.

The analyst - who considers Edenred to be a growth stock with a "defensive" profile - sees the inventor of the luncheon voucher continuing to post solid growth, which leads him to raise his Ebitda forecasts, which thus remain anchored above consensus estimates.

Deutsche Bank also said it expects next month's publication to be marked by a possible tightening - or even a slight upward revision - of the annual Ebitda targets communicated by the group.

Edenred is scheduled to announce its 3rd quarter sales on October 19.

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