Jefferies analyst Jaina Mistry raised the firm’s price target on Accor (ACCYY) to EUR 52 from EUR 48 and keeps a Buy rating on the shares. The firm said that 2024 should be a year of delivery on medium-term targets, namely high-single digit fee growth and 9%-12% EBITDA growth. Jefferies added that it sees scope for further re-rating.
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