Dufry: Credit Suisse confirms 'neutral' rating.
(CercleFinance.com) - Credit Suisse on Wednesday confirmed its "neutral" rating on Dufry, with a target price of 150 Swiss francs, implying 6% downside potential at its current level.
On the positive side, the broker believes that the travel retail specialist is exposed to attractive dynamics, including international air passenger growth.
However, the group's highly leveraged balance sheet structure makes a cash return story unlikely, Credit Suisse says.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
On the positive side, the broker believes that the travel retail specialist is exposed to attractive dynamics, including international air passenger growth.
However, the group's highly leveraged balance sheet structure makes a cash return story unlikely, Credit Suisse says.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.