Europcar: still a buyer, Oddo raises target price.
(CercleFinance.com) - Oddo has increased its target price for the Europcar stock from 14 euros to 15 euros, maintaining its buy rating.
The broker pointed out that the volatility of the group's results is, in the same way as Sixt, not as strong as at Avis or Hertz.
"Acquisitions are transforming Europcar's growth profile," the broker said, referring to a secure business model.
Oddo also considers the European economic context as upbeat for the company.
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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 pointed out that the volatility of the group's results is, in the same way as Sixt, not as strong as at Avis or Hertz.
"Acquisitions are transforming Europcar's growth profile," the broker said, referring to a secure business model.
Oddo also considers the European economic context as upbeat for the company.
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.