Accor: share price up, analysts see positive signs
After a conversation with the hotel group's CFO, the professionals decided to raise their recommendation to 'weight in line' from 'underweight', with a target raised from 21 to 29 euros.
Accor's prospects for the next 12 months have changed considerably in recent months", write the specialists in a research note issued this morning.
Barclays believes that Accor's share price should be supported in the short term by an upward revision of market forecasts and by positive surprises in shareholder remuneration, with potential share buybacks of 500 million euros.
At 9:25 a.m., Accor shares were up 1.5%, while the SBF was losing 0.5% at the same time.
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