Dufry: Oddo downgrades stock, but raises TP

(CercleFinance.com) - With Q3 results that are in line with expectations, Swiss duty free group Dufry has implemented fairly effective crisis management, Oddo says.


The analyst also praises the efforts made in terms of cost reduction, a vector of serenity in the current context.

As the stock has risen by 49% in one month and 80% over the past three months, Oddo believes that it now has significantly reduced upside potential.

Under these circumstances, the analyst has downgraded his rating on the stock from "buy" to "neutral", while raising his corresponding target price from 35 Swiss francs to 38 Swiss francs.


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