Accor: UBS remains a buyer, but trims target price
(CercleFinance.com) - UBS has reinstated "buy" recommendation on the Accor share, while trimming its target price from 44.
8 euros to 43 euros, which gives the French hotels giant upside potential of 18%.
"We believe the transformation has impacted how investors' view the shares," the broker says, for which "Accor needs to deliver on financial goals to unlock its discount to peers."
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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.
8 euros to 43 euros, which gives the French hotels giant upside potential of 18%.
"We believe the transformation has impacted how investors' view the shares," the broker says, for which "Accor needs to deliver on financial goals to unlock its discount to peers."
Copyright (c) 2019 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.