Jefferies analyst Simon LeChipre maintained a Buy rating on Accor SA today and set a price target of €58.00.
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Simon LeChipre’s rating is based on a combination of factors that highlight Accor SA’s strong position in the European hotel market. The company is seen as a top choice among its peers, with positive trends in revenue per available room (RevPAR) across key regions, particularly in Asia-Pacific and the Middle East, which are driving growth at the group level. Additionally, the European market presents a more favorable environment compared to the US, further supporting the company’s growth prospects.
LeChipre also notes the robust performance of Accor’s luxury segment, which is outperforming the economy and midscale segments due to strong pricing power. The outlook for future RevPAR trends remains cautiously optimistic, with no immediate signs of a downturn. Furthermore, Accor’s confidence in accelerating net unit growth and the promising opportunities in the Lifestyle segment contribute to the positive investment thesis, reinforcing the Buy rating.
In another report released on December 2, J.P. Morgan also maintained a Buy rating on the stock with a €60.00 price target.