FRANKFURT (dpa-AFX Broker) - Deutsche Bank Research has upgraded Sixt from "Hold" to "Buy", while leaving the target price at EUR 120. Analyst Michael Kuhn justified the upgrade in a study published on Thursday with his expectation that earnings momentum will turn positive again later in the year. According to the expert, investors could now anticipate this. A possible escalation in the Middle East could weigh on the share in the short term, but Sixt is not directly involved in this region. The car rental company is mainly focused on the short-haul vacation business, where profits have largely proven resilient in past crises./tih/la

Publication of the original study: 18.04.2024 / 07:39 / CET

First dissemination of the original study: Date not specified in study / Time not specified in study / CET

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