ALD: Credit Suisse upgrades share
(CercleFinance.com) - Credit Suisse has upgraded its rating on the ALD share from "neutral" to "outperform," increasing its corresponding target price from 9.
5 euros to 10.7 euros, "on the back of positive data in the used car market and supportive valuations".
In its comments, the broker acknowledges "medium-term headwinds", although sees them as "more than reflected" in the share price. It has raised its EPS estimates for the car rental group by 4%-6% over the period 2020-2022.
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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.
5 euros to 10.7 euros, "on the back of positive data in the used car market and supportive valuations".
In its comments, the broker acknowledges "medium-term headwinds", although sees them as "more than reflected" in the share price. It has raised its EPS estimates for the car rental group by 4%-6% over the period 2020-2022.
Copyright (c) 2020 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.