Sixt: Jefferies starts to monitor as a buyer
(CercleFinance.com) - The share of German car rental firm Sixt is down 1% on Wednesday, albeit outperforming a sharper fall in Frankfurt (-4%), while an analyst at Jefferies announced that he was beginning to monitor the share with a "buy" rating and a target price of 80 euros.
"While we expect a substantial negative impact on Sixt's performance in FY20 due to COVID-19, we believe the company is best positioned among its peers to weather out this crisis," the broker said.
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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.
"While we expect a substantial negative impact on Sixt's performance in FY20 due to COVID-19, we believe the company is best positioned among its peers to weather out this crisis," the broker said.
Copyright (c) 2020 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.