Accor gains more than 1% and slightly outperforms the CAC40, on the back of favorable comments from Stifel, which maintains its 'buy' recommendation on the hotel chain's shares, with a price target raised from 45 to 48 euros.

The broker considers the results unveiled by the French group the previous day to be "very solid, converting the strong RevPAR momentum into a solid operating and cash performance, with a confident outlook and impeccable communication".

Copyright (c) 2024 CercleFinance.com. All rights reserved.