Accueil > Actualité
Actualite financiere : Actualite bourse

TUI: UBS upgrades shares to 'neutral'

( - UBS has upgraded its rating on German tourism group TUI from "sell" to "neutral," saying that the Thomas Cook liquidation brings relief to sector overcapacity.

In a note to clients, the Swiss broker said it sees "short term tailwinds" to profits and cash, but warns that structural issues in the tour operator industry will likely remain. UBS also sees downside to consumer confidence.

UBS has set a new 900 pence target price, up from 740 pence previously.

TUI shares are currently up 3.9% at 936.2 pence in Zurich after the travel company posted "reassuring" full-year results this morning.

Copyright (c) 2019 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.