TUI AG: Credit Suisse upgrades to 'neutral'
(CercleFinance.com) - Credit Suisse has upgraded its rating on German travel company TUI from "underperform" to "neutral," saying that near-term risks have diminished.
In a research report, the broker cites a "reduced risk" of 2017 earnings disappointment following the group's third-quarter results.
Meanwhile, Nomura has also raised its target price for the share from 1,100 pence to 1,300 pence, notably reflecting the re-rating of rival Thomas Cook.
Credit Suisse also points out that TUI has underperformed travel peers by 32% year-to-date, hence seeing 4% upside potential in the stock.
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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.
In a research report, the broker cites a "reduced risk" of 2017 earnings disappointment following the group's third-quarter results.
Meanwhile, Nomura has also raised its target price for the share from 1,100 pence to 1,300 pence, notably reflecting the re-rating of rival Thomas Cook.
Credit Suisse also points out that TUI has underperformed travel peers by 32% year-to-date, hence seeing 4% upside potential in the stock.
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.