Sixt: UBS upgrades ordinary shares to 'buy'
(CercleFinance.com) - UBS upgraded the ordinary shares of German car rental group Sixt, helping them to accelerate in Frankfurt.
The broker has adopted a "buy" rating, from "neutral" previously, based on the rise in Sixt's rental app downloads, which confirms that the company is gaining market share, it said.
Yet, UBS has trimmed its target price for the share from 104 euros to 101 euros
The Sixt share is currently up 1.8% at 82.5 euros.
UBS already had a "buy" rating on Sixt's preference shares.
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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 has adopted a "buy" rating, from "neutral" previously, based on the rise in Sixt's rental app downloads, which confirms that the company is gaining market share, it said.
Yet, UBS has trimmed its target price for the share from 104 euros to 101 euros
The Sixt share is currently up 1.8% at 82.5 euros.
UBS already had a "buy" rating on Sixt's preference shares.
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.