Jefferies analyst Jaina Mistry maintained a Buy rating on Whitbread today and set a price target of £31.00.
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Jaina Mistry’s rating is based on the observation that despite a decline in the UK Economy RevPAR in June, the market showed signs of recovery in the first two weeks of July. This early indication of growth suggests a positive near-term outlook for Whitbread’s stock.
Additionally, Mistry notes that if the improvement continues beyond the summer, it would further strengthen the positive investment thesis for Whitbread. The potential for sustained growth in the market supports the Buy rating, as it indicates a favorable environment for the company’s performance.
According to TipRanks, Mistry is a 5-star analyst with an average return of 12.9% and a 74.77% success rate. Mistry covers the Consumer Cyclical sector, focusing on stocks such as Whitbread, Jet2 PLC, and InterContinental Hotels.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p3,429.00 price target.