Sixt SE, the Services sector company, was revisited by a Wall Street analyst today. Analyst Constantin Hesse from Jefferies maintained a Buy rating on the stock and has a €100.00 price target.
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Constantin Hesse has given his Buy rating due to a combination of factors that highlight Sixt SE’s potential for growth and profitability. Despite the stock trading near historical lows, Hesse believes that concerns about discretionary spending are exaggerated, especially after a strong summer performance.
Sixt’s robust position in the European market, along with its potential to capture significant market share in the US, supports a positive growth outlook. Additionally, the competitive landscape appears more rational, and anticipated rate cuts are expected to enhance profitability. These elements collectively contribute to Hesse’s optimistic view of Sixt’s future performance.
In another report released on October 15, Warburg Research also maintained a Buy rating on the stock with a €125.00 price target.