Sixt: analysts maintain buy ratings, but shares lose ground
(CercleFinance.com) - Analysts are maintaining their "buy" call on German car rental group Sixt on Thursday, although this has not prevented the shares from falling on the Frankfurt stock exchange.
In a note to clients, UBS reiterated its "buy" rating on the share, with a target price of 77 euros, after a survey showed that competition in mobility is not the most important issue for investors.
Oddo BHF analysts also kept their "buy" rating on the stock, maintaining a target price of 115 euros, citing a momentum that remains positive in both the short and medium term.
The French broker said that at a meeting for analysts, management expressed its confidence, particularly regarding continued international growth.
In spite of these positive comments, Sixt shares were trading down 0.8% at 97.8 euros in Frankfurt this morning.
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