Accor: Jefferies initiates coverage as a buyer
(CercleFinance.com) - An analyst at Jefferies today initiates coverage of the Accor group share, with a buy rating and a target price of 52 euros.
In particular, the analyst appreciates, "The ongoing shift towards a more cash generative,asset-light business model," the group's "Robust system growth" and "Cash returns from prospective asset disposals."
The broker's target price suggests upside potential of +35% relative to the share's current price of around 38.8 euros.
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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.
In particular, the analyst appreciates, "The ongoing shift towards a more cash generative,asset-light business model," the group's "Robust system growth" and "Cash returns from prospective asset disposals."
The broker's target price suggests upside potential of +35% relative to the share's current price of around 38.8 euros.
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.