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(CercleFinance.com) – Accor gains more than 1% and thus outperforms the trend in Paris, helped by an advisory upgrade at Jefferies from ‘underperformance’ to ‘buy’, with a price target raised from 30 to 47 euros , on the title of the French hotel chain.
While the capital allocation policy has, according to it, moved towards ‘simplification’, the broker indicates that it now sees ‘a clear growth and profitability trajectory for Accor, and clarity on returns for shareholders’.
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