Accor: Deutsche Bank initiates covering with buy rating
(CercleFinance.com) - As part of a report on the hotel sector, Deutsche Bank has began to monitor the Accor share with a buy rating and a target price of 43.
5 euros (upside of about 16%).
Admittedly, the sector cycle is close to peaking in Europe, the broke says in its report, while a slowdown, or even a downturn is likely to hit a number of destinations.
Still, stocks in the sector have experienced very different fortunes since the beginning of the year. The Accor share, which has risen by only 1.3% over the period, is one of Deutsche Bank's favourites - along with the Spanish group NH Hotel.
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.
5 euros (upside of about 16%).
Admittedly, the sector cycle is close to peaking in Europe, the broke says in its report, while a slowdown, or even a downturn is likely to hit a number of destinations.
Still, stocks in the sector have experienced very different fortunes since the beginning of the year. The Accor share, which has risen by only 1.3% over the period, is one of Deutsche Bank's favourites - along with the Spanish group NH Hotel.
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.