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Accor: UBS remains a buyer, but trims target price

( - UBS has reinstated "buy" recommendation on the Accor share, while trimming its target price from 44.
8 euros to 43 euros, which gives the French hotels giant upside potential of 18%.

"We believe the transformation has impacted how investors' view the shares," the broker says, for which "Accor needs to deliver on financial goals to unlock its discount to peers."

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