(News Bulletin 247) – Oddo BHF reiterates its ‘outperformance’ recommendation on Accor, which is also included in its list of recommended Large cap stocks, with a price target raised from 40 to 42 euros following an increase in its estimates for the hotel chain.
The design office anticipates RevPAR up by 17.4% for 2023 and 4.6% for 2024. In total, over 2023/2025, its EBITDA and EPS are increased by 4% and it is now 5% at above consensus on average on 2023/2024 EBITDA.
The analyst anticipates a positive speech on Accor’s potential, during its June 27 CMD, with a ‘focus on the strong growth potential under the new organization’, and believes that the file has many positive catalysts during of the next few months.
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