Group 1 - Smurfit Westrock is considered a cheap stock with potential for the next 5 years, with JPMorgan raising its price target to $61 from $60 while maintaining an Overweight rating [1][3] - In Q2, Smurfit Westrock reported a significant year-over-year revenue increase of 147.56%, totaling $7.94 billion, and achieved an Adjusted EBITDA of $1.213 billion, resulting in a 15.3% Adjusted EBITDA Margin [2] - The North American segment generated $4.8 billion in net sales with a 15.8% Adjusted EBITDA Margin, while Latin America showed exceptional performance with an Adjusted EBITDA Margin exceeding 23% [3] Group 2 - Smurfit Westrock specializes in manufacturing, distributing, and selling containerboard, corrugated containers, and other paper-based packaging products [4]

Core Insights - Sodexo reported a total of 147,454,887 shares as of September 30, 2025, with actual voting rights amounting to 216,943,620 and theoretical voting rights at 218,461,882 [1][2]. Company Overview - Founded in 1966 in Marseille by Pierre Bellon, Sodexo is a global leader in sustainable food and valued experiences across various life moments, including learning, working, healing, and playing [3]. - The company is characterized by its independence, family shareholding, and responsible business model, aiming to improve the quality of life for employees and the communities it serves [3]. - Sodexo operates in two main sectors: Food and Facilities Management Services, focusing on both growth and social commitment [3]. - The company is included in several indices, such as CAC Next 20, Bloomberg France 40, CAC SBT 1.5, FTSE 4 Good, and DJSI [3]. Key Figures - For fiscal 2024, Sodexo reported consolidated revenues of 23.8 billion euros [6]. - As of August 31, 2024, the company employed 423,000 individuals and served 80 million consumers daily across 45 countries [6]. - As of June 30, 2025, Sodexo's market capitalization was 7.7 billion euros [6].

Core Points - Thierry Delaporte has been appointed as the new Group Chief Executive Officer of Sodexo, effective November 10, 2025, following a thorough selection process [1] - The governance structure will evolve with the separation of the roles of Chairwoman and CEO, with Sophie Bellon transitioning to a non-executive Chairwoman role [2] - The Lead Director position will be maintained, with Gilles Pélisson succeeding Luc Messier as Lead Independent Director, effective November 10, 2025 [3] Leadership Transition - Sophie Bellon expressed gratitude for the efforts of Sodexo teams and emphasized readiness for a new growth chapter, highlighting confidence in Thierry Delaporte's leadership [4] - Gilles Pélisson noted that Delaporte's appointment is the result of a structured process, emphasizing his extensive experience and fit with Sodexo's values [4] - François-Xavier Bellon stated that the dissociation of governance is a significant step forward and expressed excitement for Delaporte's leadership [4] Thierry Delaporte's Background - Delaporte has a strong international leadership background, having held various roles across Europe, the U.S., South America, and Asia-Pacific, with expertise in financial leadership and operational transformation [5] - He has held CFO roles at Capgemini and served as CEO of Wipro Ltd., where he led significant strategic repositioning and growth [6][8] - Delaporte is also committed to social impact, co-founding an organization focused on youth inclusion and serving on the Board of Saint-Gobain [8] Company Overview - Sodexo, founded in 1966, is a global leader in sustainable food and facilities management services, aiming to improve quality of life and contribute to social progress [10] - The company operates in 45 countries, serving 80 million consumers daily, and has consolidated revenues of 23.8 billion euros for fiscal 2024 [13] - As of June 30, 2025, Sodexo's market capitalization stands at 7.7 billion euros, and it is recognized as the number one France-based private employer worldwide [13]

Core Viewpoint - The article discusses the importance of fundamental, income-oriented, long-term analysis in investment strategies across various sectors in developed markets globally [1]. Group 1 - Buy-side hedge professionals are focusing on conducting thorough analysis to identify investment opportunities [1]. - The emphasis is on a long-term investment approach, which is crucial for sustainable returns [1]. Group 2 - The article encourages engagement and discussion among professionals in the investment community to share ideas and insights [1].

Core Points - Italian prosecutors are pursuing judicial administration for shoemaker Tod's due to alleged worker abuses in its supply chain [1] - This case is part of a broader trend of scrutiny on labor practices within the fashion industry, impacting the reputation of several companies [1] Company Summary - Tod's is facing legal challenges that could affect its operational management and public image due to accusations of labor violations [1] - The situation highlights the increasing regulatory focus on ethical labor practices in the fashion sector, which may lead to stricter compliance requirements for companies [1] Industry Summary - The fashion industry is experiencing heightened scrutiny regarding supply chain labor practices, with multiple companies facing similar allegations [1] - This trend may result in significant changes in industry standards and practices, as companies strive to improve their labor conditions to avoid legal repercussions [1]

Core Points - Smurfit Westrock plc plans to release its financial results for Q3 2025 on October 29, 2025, at 6:30 am ET [1] - The earnings release and related materials will be accessible on the company's website [1] - A webcast for analysts and institutional investors will be hosted by the senior management team at 7:30 am ET on the same day [1]

Core Viewpoint - Seaport Global Securities upgraded Smurfit Westrock from Neutral to Buy, citing an attractive valuation and improved sentiment in the European containerboard market [1][2] Group 1: Upgrade and Valuation - Smurfit Westrock's stock was upgraded to Buy with a price target of $52.00, reflecting a shift in analyst sentiment [1] - The stock is currently trading at approximately 6.3 times its 2026 EBITDA forecast, which is competitive compared to the consensus estimate of about 6.2 times [2] Group 2: Market Sentiment and Capacity - Analysts expect sentiment regarding European containerboard pricing to improve as capacity closures increase due to weak profitability [2] - The company had previously faced caution from analysts due to its higher exposure to the European market, where new containerboard capacity was anticipated [1] Group 3: Strategic Roadmap - A potential re-rating of the stock is anticipated when the company reveals its five-year strategic roadmap in February, which will outline operational goals through 2030 [3] - The strategic plan is expected to elaborate on $400 million in synergy targets and address asset repositioning, cost reductions, and capital expenditure needs, particularly in the SBS business [3]

Group 1 - U.S. stock futures are higher, with Dow futures gaining approximately 100 points [1] - Quantum Computing Inc. raised $750 million from institutional investors in a market-priced private placement, leading to a sharp decline in its shares by 11.7% to $21.70 in pre-market trading [1] Group 2 - Rich Sparkle Holdings Ltd experienced a significant drop of 15% to $22.10 in pre-market trading after a 10% decline on Friday [3] - Nordic American Tankers Ltd fell 7.8% to $3.07 in pre-market trading [3] - Smurfit WestRock PLC shares decreased by 5.8% to $39.54 in pre-market trading [3] - Mesoblast Ltd shares declined 5.2% to $17.45 in pre-market trading, despite an 8% gain on Friday following the announcement of Ryoncil receiving a J-Code from Medicare & Medicaid Services [3] - Invesco Mortgage Capital Inc saw a decline of 4.4% to $7.42 in pre-market trading [3] - Inventiva ADR shares fell 4.2% to $6.26 in pre-market trading after the appointment of Andrew Obenshain as CEO [3] - International Paper Co dropped 4.2% to $45.21 in pre-market trading ahead of its third-quarter earnings release on October 30 [3] - Lufax Holding Ltd – ADR fell 3.7% to $3.85 in pre-market trading after an 8% decline on Friday [3] - Larimar Therapeutics Inc shares decreased by 3.3% to $4.71 in pre-market trading after a 14% jump on Friday [3]

Market Overview - U.S. stock futures are higher, with Dow futures gaining approximately 100 points [1] Quantum Computing Inc. - Quantum Computing Inc. (NASDAQ:QUBT) raised $750 million from institutional investors through a market-priced private placement led by top shareholders [1] - Shares of Quantum Computing fell sharply by 11.7% to $21.70 in pre-market trading [1] Other Stocks in Pre-Market Trading - Rich Sparkle Holdings Ltd (NASDAQ:ANPA) dropped 15% to $22.10 after a 10% decline on Friday [3] - Nordic American Tankers Ltd (NYSE:NAT) decreased by 7.8% to $3.07 [3] - Smurfit WestRock PLC (NYSE:SW) fell 5.8% to $39.54 [3] - Mesoblast Ltd (NASDAQ:MESO) declined 5.2% to $17.45, despite an 8% gain on Friday following the announcement of Ryoncil receiving a J-Code from Medicare & Medicaid Services [3] - Invesco Mortgage Capital Inc (NYSE:IVR) decreased by 4.4% to $7.42 [3] - Inventiva ADR (NASDAQ:IVA) fell 4.2% to $6.26 after appointing Andrew Obenshain as CEO [3] - International Paper Co (NYSE:IP) dropped 4.2% to $45.21 ahead of its third-quarter earnings release on October 30 [3] - Lufax Holding Ltd – ADR (NYSE:LU) fell 3.7% to $3.85 after an 8% decline on Friday [3] - Larimar Therapeutics Inc (NASDAQ:LRMR) decreased by 3.3% to $4.71 after a 14% jump on Friday [3]

Group 1 - Smurfit Westrock Plc (NYSE:SW) is considered one of the most oversold large-cap stocks in 2025, with a Buy rating and a price target of $54.00 from Truist Financial [1] - Bank of America Securities and UBS analysts have also issued Buy ratings for Smurfit Westrock Plc, with price targets of $62.00 and $60.00 respectively [2] - The analyst consensus for Smurfit Westrock Plc is a Strong Buy, with a median price target of $42.66, indicating a potential upside of 37.50% from current levels [3] Group 2 - Smurfit Westrock Plc specializes in developing and providing packaging solutions, including corrugated sheet boards, corrugated packaging, solid boards, and hexacomb packaging [3]