Accor: Bryan Garnier raises target price.

(CercleFinance.com) - Bryan Garnier reiterates his "buy" recommendation on AccorHotels and has raised its fair value from 42 to 49.
5 euros, highlighting a "brighter environment" for the hotel giant.

"The group's ambitions show no sign of slowing down, either in the hotel division or in the two new associated lines of business, namely travel and local services," said the broker.

The financial intermediary added that "In the short term, for the group's "Booster" project, the results of the French presidential election should clearly facilitate negotiations and reassure hesitant investors.”


Copyright (c) 2017 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.