(News Bulletin 247) – Stifel on Monday initiated coverage of the Compagnie des Alpes stock with a buy recommendation and a target price of 25 euros, revealing an upside potential of 81%.
The broker points out that the group, which operates three of the largest ski areas in the world, should take advantage of the fall in snow levels which is expected to hit lower altitude resorts.
With regard to its leisure parks, Stifel praises the ‘active’ investment strategy implemented by the operator, which, according to him, allows it to grow faster than the market while improving its profitability.
From the broker’s point of view, the CDA stock is today ‘excessively’ undervalued compared to its peers, but also in absolute terms, a discount which it considers likely to reduce with the better than expected results. that the company should publish.
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