Sixt: Jefferies still a buyer
(CercleFinance.com) - On Tuesday a analyst at Jefferies confirmed a "buy" recommendation on the share of German car rental group Sixt, saying that while the Covid epidemic is persisting, Sixt is still progressing.
The broker also confirms its target price of 95 euros (23% upside potential).
"While demand in non-airport locations continues to be robust (similar to PY), continued air traffic restrictions significantly limit revenue generation at airports. That said, given a robust financial position, Sixt continues to grow its station footprint and invest behind its offering, providing an incremental revenue boost once air traffic starts to normalize," the broker says.
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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.
The broker also confirms its target price of 95 euros (23% upside potential).
"While demand in non-airport locations continues to be robust (similar to PY), continued air traffic restrictions significantly limit revenue generation at airports. That said, given a robust financial position, Sixt continues to grow its station footprint and invest behind its offering, providing an incremental revenue boost once air traffic starts to normalize," the broker says.
Copyright (c) 2020 CercleFinance.com. 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.