(News Bulletin 247) – Oddo BHF maintains its ‘outperformance’ rating on Accor shares, with an unchanged target price of 42 euros.
The analyst reports that during its CMD yesterday in Paris, Accor unveiled 2023 and medium-term guidance that looks ‘solid and positive on the level of expected growth’.
Thus, for FY23, Accor anticipates an EBITDA of 920/960 ME (ODDO BHF in line at 939 MEe, unchanged), based on growth in RevPAR yoy of +15/20% (ODDO BHF +17.4%e, unchanged).
‘The management conceded that this guidance was cautious, due to the lack of visibility on the end of the year’, reports Oddo BHF.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
