TUI: Oddo BHF remains positive ahead of CMD

(CercleFinance.com) - Oddo BHF confirms its 'outperform' rating on and E10.
5 target price for TUI shares, ahead of the CMD on 24 and 25 March in Madrid, an event at which the tourism group will, in its view, have an obligation to reassure in a complicated stockmarket environment.

While the Hotels and Cruises divisions are doing fairly well, all eyes will be on the Markets & Airline division, where profitability is still below pre-crisis standards, the analyst believes, adding that leisure demand should continue to grow despite fears.

Oddo BHF's broader assessment is that fundamentally there is very little risk on the file in our opinion, with drastically low debt, significant potential liquidity, credible 2025 annual guidance and a very low valuation.


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