Sixt: Oddo BHF raises target price
(CercleFinance.com) - An analyst at Oddo BHF this morning announced that he is maintaining his “buy” rating on the Sixt stock, while upping his target price to 125 euros, following the group's solid interim results.
The broker points out that Sixt has published very good H1 results (...) according to its talks with company management, it understands that business should remain upbeat in Q3, with confirmed dynamism in the main European “Core” countries, as well as the US. Profitability should remain high in Q3.
The broker remains convinced that momentum is favourable for the group and that its international growth strategy will continue to be the main growth driver, it concludes.
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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 points out that Sixt has published very good H1 results (...) according to its talks with company management, it understands that business should remain upbeat in Q3, with confirmed dynamism in the main European “Core” countries, as well as the US. Profitability should remain high in Q3.
The broker remains convinced that momentum is favourable for the group and that its international growth strategy will continue to be the main growth driver, it concludes.
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.