AccorHotels: Bryan Garnier raises target price

(CercleFinance.com) - Bryan Garnier has reinstated its "buy" rating on the AccorHotels stock, raising its fair value from 49.
5 euros to 55 euros, believing that the group has undisputable assets in the hotel sector.

"Hotel groups in the tourism industry all generated a record level of earnings in 2017," said the broker, saying that "Prospects remain attractive with growth in tourist numbers gaining speed."

"However, changes prompted by technological developments (AI, IoT, etc.) are far from over, requiring groups to remain particularly innovative at the risk of being left behind," it warned.



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