Sixt: Oddo still neutral, but raises raises target price
(CercleFinance.com) - This morning, an Oddo BHF analyst announced that he is raising his target price for the share of German car rental group Sixt from 53 euros to 79 euros.
However, the broker remains neutral towards the share, with its new target price being in line with its current price.
Beyond a financial year 2020 that will undoubtedly be difficult, the broker is convinced that the group's fundamentals remain solid (resilience of the business model, differentiating positioning, high margins, healthy balance sheet, M&A opportunities). Furthermore, it is maintaining its Neutral rating, due to a persistent lack of visibility (the recovery of the tourism sector; reduced visibility regarding demand trends over the summer season and on business returning to pre-crisis levels; etc.), the broker explains.
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