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(CercleFinance.com) – Accor gains more than 1% and thus slightly outperforms the CAC40, against the backdrop of favorable comments from Stifel which maintains its ‘buy’ recommendation on the hotel chain’s stock with a price target raised from 45 to 48 euros.
The broker judges the results revealed by the French group the day before ‘very solid, converting the strong RevPAR dynamic into solid operational and cash performance, with confident prospects and impeccable communication’.
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