Sixt: Jefferies still a buyer
(CercleFinance.com) - On Tuesday a analyst at Jefferies confirmed a "buy" recommendation on the share of German car rental group Sixt, saying that while the Covid epidemic is persisting, Sixt is still progressing.
The broker also confirms its target price of 95 euros (23% upside potential).
"While demand in non-airport locations continues to be robust (similar to PY), continued air traffic restrictions significantly limit revenue generation at airports. That said, given a robust financial position, Sixt continues to grow its station footprint and invest behind its offering, providing an incremental revenue boost once air traffic starts to normalize," the broker says.
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