Dufry: Oddo still a buyer

(CercleFinance.com) - Oddo maintains its "outperform" rating on Dufry shares, with an unchanged target price of 61 Swiss francs (current price: 40 Swiss francs, +3.
5%).

The broker highlights the group's "very good" H1 results, with revenues of 2,922 million Swiss francs, pretty much in line with the consensus.

At 152 million Swiss francs H1 EBIT is almost double as our estimate of 72 million Swiss francs and those of the consensus (Vara Research) of 67 million Swiss francs, the analyst adds.

However, after a very good month of July, analysts are more cautious about the next few months, given the lack of visibility regarding demand trends after the summer season (particularly in Q4 2022 and Q1 2023).


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