(CercleFinance.com) – The stock rose nearly 3.3%, benefiting from the positive analysis by Oddo BHF. The analyst reaffirms his ‘outperformance’ opinion and his target price of 56 Swiss francs on Dufry, as we approach the investor day (CMD) that the distribution group will hold in the transport zone on September 6 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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