ALD: stock up on broker comments
(CercleFinance.com) - The share of car rental group ALD is up 5%, following comments from Crédit Suisse, which reiterated its "outperform" rating, while trimming its target price from 10.
7 euros to 10.1 euros, the day after the group announced its Q2 2020 results.
While reducing its estimates, the broker believes that ALD "has now provisioned for most of the upcoming headwinds". Also expecting a "gradual recovery from 2H20", considering that the group's business model remains "solid".
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