AccorHotels: Oddo still a buyer after roadshow

(CercleFinance.com) - An analyst at Oddo BHF today said that he is maintaining his "buy" recommendation on the AccorHotels share, following a roadshow that saw the group confirm a doubling of its EBITDA by 2022 (vs.
2017), announcing a guidance of 1.2 billion euros.

The broker said it is reiterating its Buy recommendation on the AccorHotels stock, which is backed by an attractive outlook for RevPAR at most of the group's markets, a diversified geographic exposure offering one of the most defensive profiles in the hotel sector, and an asset-light business model that offers significant operating leverage, a solid generation of recurrent FCF offering significant potential for an exceptional return to shareholders and/or M&A, Oddo BHF points out.

The analyst also confirms his target price of 54 euros for the share, meaning upside potential of 43%.

Copyright (c) 2018 CercleFinance.com. All rights reserved.