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Sixt: Oddo still a buyer, adjusts target

( - On Wednesday an analyst at Oddo BHF confirms his "buy" recommendation on the share of the car rental group Sixt, noting encouraging prospects for Q3 and the group maintaining its annual targets.

The confidence shown by management regarding the execution of its international strategy and the development of the new mobility segment boosts the broker's positive stance on the share, the broker says.

However, after updating its model, the broker trims its target price for the share from 115 euros to 111 euros, although this still suggests upside potential of around 31%.

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