Accor price target lowered to EUR 55 from EUR 56 at Jefferies

Jefferies analyst Jaina Mistry lowered the firm’s price target on Accor (ACCYY) to EUR 55 from EUR 56 and keeps a Buy rating on the shares as part of a Q1 preview. The firm expects another quarter of RevPAR outperformance in Q1. After a strong January and February, most countries have seen growth over March to date, the analyst tells investors in a research note.