TUI: Oddo BHF adjusts target price
(CercleFinance.com) - On Thursday an analyst at Oddo BHF confirms a "neutral" rating for the TUI share, noting largely unsurprising results and guidelines for 2020 that, in the end, are softer than expected.
The broker integrates management's more cautious view and now expects 2020e adjusted EBIT of 961 million euros (vs. 1,131 million euros previously). It along forecasts lower future dividends and other minor adjustments.
Oddo BHF has reduced its target price for the share from 12.90 euros to 11.80 euros.
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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 integrates management's more cautious view and now expects 2020e adjusted EBIT of 961 million euros (vs. 1,131 million euros previously). It along forecasts lower future dividends and other minor adjustments.
Oddo BHF has reduced its target price for the share from 12.90 euros to 11.80 euros.
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.