TUI: Oddo BHF still a buyer after results

(CercleFinance.com) - Oddo BHF confirms its "outperform" rating on TUI shares, along with its target price of E8.
8, following the publication of quarterly results that are described as very good and well ahead of expectations.

The tourism group's revenues rose by 19% to E5.29bn, wile group EBIT was E169.4m, exceeding the broker's forecasts of E4.87bn and E129m respectively.

Analysts are convinced that TUI remains a very good vehicle to play the recovery of leisure demand (and its resilience) in Europe, for a group that has reached financial stability, with its share trading at a very low valuation, they say.


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