Sixt: Oddo raises target price.
(CercleFinance.com) - Following car rental company Sixt's sound interim results, Oddo has raised its target price for the share from 57.
5 euros to 71 euros.
The broker welcomes its robust accounts, including pre-tax profit that is up 25.3% y-o-y (including a 29.5% increase in Q2), with it expecting a solid Q3.
It also welcomes "better visibility" over 2018 and 2019 and has raised its 2017 pre-tax profit estimate by 5% to 244.8 million euros.
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.
5 euros to 71 euros.
The broker welcomes its robust accounts, including pre-tax profit that is up 25.3% y-o-y (including a 29.5% increase in Q2), with it expecting a solid Q3.
It also welcomes "better visibility" over 2018 and 2019 and has raised its 2017 pre-tax profit estimate by 5% to 244.8 million euros.
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.