UBS upgraded Melia Hotels to Buy from Sell with a price target of EUR 8.60, up from EUR 5.50. The company’s RevPAR growth, margin expansion, deleveraging and valuation “all screen as attractive,” the analyst tells investors in a research note.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMIZF: