Accor: Oddo says 'buy' - group has solid fundamentals
(CercleFinance.com) - On Wednesday morning, an analyst at Oddo BHF confirmed a "buy" recommendation on the Accor share, appreciating a strong sequential improvement in July from June.
The broker says that although the recovery is slow, it is maintaining its buy rating on the share, due to fundamentals that it deems to be solid and that will remain broadly unchanged at the end of the crisis, in particular with a diversified geographical exposure, with a strong exposure to domestic customers (2/3) that will be a factor in supporting the recovery in the hotel sector during and after the summer.
Oddo BHF is therefore confirming its target price of 31 euros for the share, which represents upside potential of 23%.
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