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TUI: still a buyer after Thomas Cook

(CercleFinance.com) - Citi analysts have confirmed their buy rating on the share of tour operator Tui, at a time when its competitor Thomas Cook is in meltdown.


The broker maintains its target price at 1,190 pence.

Citi believes that thanks to summer bookings, Tui ended its 2018/2019 fiscal year (to end-September), with 7% growth over Q4.

In addition, "We see TUI as a key beneficiary of the collapse of TCG," Citi says, as the redistribution of Thomas Cook's market share could increase Tui's EPS by around 4% in 20219/2020; not to mention the price increases that will probably follow.


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