Tui: UBS maintains 'sell' rating; cuts target
(CercleFinance.com) - UBS maintains its "sell" rating on the TUI share and has lowered its corresponding target price from 740 pence to 670 pence, which the broker says implies downside potential of 8% for the share of the German tourism group.
In its note, the broker estimates that the stock is trading at an EFCF 2020 yield of around 6%, which it finds "unattractive considering the structural & cyclical headwinds in tour op/hotels".
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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 its note, the broker estimates that the stock is trading at an EFCF 2020 yield of around 6%, which it finds "unattractive considering the structural & cyclical headwinds in tour op/hotels".
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.