(CercleFinance.com) – Oddo BHF reaffirms its ‘outperformance’ opinion and its price target of 56 Swiss francs on Dufry, as the investor day (CMD) that the distribution group will hold in the transport zone approaches on 6 September in London.
The design office sees this as an opportunity for management to communicate in more detail on the acquisition of Autogrill which ‘will allow the group to grow in size, but also to strengthen its market share in North America, and on the F&B segment, reputed to be more resilient’.
‘Now that the Covid crisis is behind us (at least in the current state of things), we hope that clear objectives will be given (about the outlook), in terms of organic growth but above all the evolution of margins’ , he adds.
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