Accor: UBS still on hold, maintains target price
(CercleFinance.com) - The group has raised its EBITDA target for FY 2022, which is now expected to be 610 to 640 million euros.
Note that the group was previously targeting EBITDA of over 550 million euros.
Following this announcement, UBS confirms its neutral rating on the stock with target price of 25 euros.
However, the analyst believes that these improved targets could well be a positive catalyst for the shares.
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