AccorHotels: Oddo BHF maintains buy rating; ups target price

(CercleFinance.com) - Oddo BHF has reiterated its "buy" rating on AccorHotels and has nudged up its target price for the share from 53 euros to 54 euros, after the hotel chain raised its estimates at its CMD.


The broker explains that its position is supported by an attractive operational outlook in most of the group's markets, and by a diversified geographical exposure which gives the group one of the most defensive profiles in the hotel sector.

Oddo BHF also highlights a business model that is now asset light, which offers significant operational leverage and a strong generation of recurrent FCF, offering significant upside potential for an exceptional return to shareholders and/or M&A.



Copyright (c) 2018 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.