ALD: Credit Suisse a buyer

(CercleFinance.com) - The broker maintains its outperform rating on the share of vehicle rental group ALD, with a target price of 10.
1 euros.

Credit Suisse's analysis is based on three key elements: ALD is very well positioned in a market where flexible mobility and electrification are continuing; the European used car market is showing signs of recovery and finally, the recent market liquidation makes the valuation of the ALD share even more attractive.

In addition, available data suggests a recovery in the used car market in Q3.

Q3 results will be published on 5 November. A week later, the company is expected to provide new guidance and update its strategy, Credit Suisse says.


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