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Dufry: UBS still on hold after Q1 results

( - UBS maintains its neutral rating on the stock with a target price of 43 Swiss francs.

"Q1 23 sales above consensus driven by Autogrill - volume recovery plus pricing drives organic sales in April above 2019 levels," the broker says.

The consensus for 2023E is clearly achievable, group management said, adding that it is well positioned for Q2 while maintaining its discipline - both in new business development and cost and cash management.

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