Accor: remains Bryan Garnier's favourite hotel stock.
(CercleFinance.com) - In a report on hotel stocks in Europe, Bryan Garnier says it still considers Accor as its top pick in the sector, reiterating its "buy" rating, with a fair value of 49.
5 euros.
"Arbitrage in favour of those most exposed to Europe therefore remains more relevant than ever," the broker says, underlining that "the gap in growth momentum between the two European leaders was again confirmed in Q2."
Bryan Garnier therefore points out a strong recovery in European countries that are the most affected by exceptional events, as well as sustained growth in Southern European countries and the UK.
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.
5 euros.
"Arbitrage in favour of those most exposed to Europe therefore remains more relevant than ever," the broker says, underlining that "the gap in growth momentum between the two European leaders was again confirmed in Q2."
Bryan Garnier therefore points out a strong recovery in European countries that are the most affected by exceptional events, as well as sustained growth in Southern European countries and the UK.
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.