Avolta price target lowered to CHF 46 from CHF 47 at Jefferies

Jefferies lowered the firm’s price target on Avolta (DUFRY) to CHF 46 from CHF 47 and keeps a Hold rating on the shares, stating that Q3 performance was “modestly below consensus.” The firm has “slightly” revised its model to account for elevated forex headwinds, the analyst noted.