(AOF) – Jefferies downgraded its Buy to Keep recommendation on the Accor stock, while reducing its price target from 38.2 to 33 euros. If the broker appreciates the hotel group’s “asset light” model, it is cautious about its geographical exposure (new wave of Covid in Europe and increasing restrictions), as well as to business customers. For the 2021 fiscal year, the analyst expects a turnover of 2.03 billion euros and an EBITDA of -17 million euros.
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