TUI AG: UBS still a seller; easyJet a 'serious challenger'
(CercleFinance.com) - UBS maintains its "sell" rating on the stock of tour operator TUI, along with its target price of 1200 pence, meaning downside potential of 4%, highlighting the challenge represented by the low-cost easyJet for its sector.
"~35% of TUI UK airline capacity is overlapping with easyJet today" UBS says, which therefore sees "easyJet's renewed push in the holiday market as a headwind to mid-term margins".
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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.
"~35% of TUI UK airline capacity is overlapping with easyJet today" UBS says, which therefore sees "easyJet's renewed push in the holiday market as a headwind to mid-term margins".
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.