(News Bulletin 247) – After the recent decline in the share price, UBS is raising its recommendation to Neutral (vs. Sell).
‘ After the recent weakness, the TUI share price now looks fairly valued. We are raising our rating to Neutral with a price target of 644p/sh (from 571p/sh). Short-term share price volatility is expected to remain elevated,” UBS said.
The tourism group announced a reduction by almost half of its underlying EBIT loss to -153 million euros for the first three months of its 2022-23 financial year. He confirmed his expectations for the annual results.
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