Dufry: UBS still 'neutral' - keeps target price
(CercleFinance.com) - UBS is maintaining its 140 Swiss franc target price for Swiss travel retailer Dufry, wondering why the shares are not performing, despite a valuation that does not seem expensive.
UBS says it sees downside rather than upside risk to the company guidance, given the risk of an ongoing weak Brazilian real and an unfavourable passenger mix - notably in Spain.
The bank is therefore maintaining its "neutral" rating.
The Dufry stock is currently 0.2% at 120.3 Swiss francs at lunchtime on Wednesday.
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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.
UBS says it sees downside rather than upside risk to the company guidance, given the risk of an ongoing weak Brazilian real and an unfavourable passenger mix - notably in Spain.
The bank is therefore maintaining its "neutral" rating.
The Dufry stock is currently 0.2% at 120.3 Swiss francs at lunchtime on Wednesday.
Copyright (c) 2018 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.