Dufry: shares down; UBS cuts target
(CercleFinance.com) - Shares in Dufry are down slightly after UBS cut its target price from 112 Swiss francs to 105 Swiss francs, expecting "muted earnings growth" over the next two years.
The broker - which has a "neutral" rating on the shares - wrote in a report that the Swiss travel retailer's markets are set to remain "challenging."
"Shares (are) likely to be range bound as operations remain challenging," they noted.
The Dufry stock is currently down 0.6% at 99.3 Swiss francs in Zurich.
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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.
The broker - which has a "neutral" rating on the shares - wrote in a report that the Swiss travel retailer's markets are set to remain "challenging."
"Shares (are) likely to be range bound as operations remain challenging," they noted.
The Dufry stock is currently down 0.6% at 99.3 Swiss francs in Zurich.
Copyright (c) 2019 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.