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Whitbread: Credit Suisse still a buyer

( - Credit Suisse reinstates its 'Outperform' rating on Whitbread shares, maintaining its target price for them at 4,000p, which suggests upside potential of 23% for the UK hospitality group's shares.

The broker expects Whitbread to perform strongly in FY 2022, highlighting the efficient rollout of vaccination in the UK, as well as improvements in the country's macroeconomic figures.

"Given the potential for accelerated market share growth catalysed by the pandemic and a deleveraged balance sheet supporting growth, we do not find valuation demanding," Credit Suisse added.

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