TUI: stock up despite UBS analysis

(CercleFinance.com) - The TUI share ended trading up significantly (+1.
89%), despite UBS' sell rating.

On Wednesday the broker today confirmed its "sell" rating on the share and cut its target price from 740 pence to 670 pence, which the broker says suggests downside potential of 8% for the share of the German tourism group.

In its note, the broker estimates that the stock is trading at an EFCF 2020 yield of around 6%, which it finds "unattractive considering the structural & cyclical headwinds in tour op/hotels".


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