Constantin Hesse, an analyst from Jefferies, maintained the Buy rating on Sixt SE. The associated price target remains the same with €100.00.
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Constantin Hesse’s rating is based on a combination of factors that suggest a positive outlook for Sixt SE. The recent performance of Avis, a comparable company, indicates that concerns about Sixt’s market conditions may be overstated. Despite anticipated weaknesses, Avis reported only a slight decline in revenue per day and vehicle utilization, suggesting resilience in the market.
Furthermore, the leisure segment remains robust, which is a significant area of strength for Sixt as well. Avis’s focus on pricing and returns over volume, along with a noted improvement in their international segment, particularly in Europe, provides a favorable comparison for Sixt. These factors collectively support Hesse’s optimistic perspective on Sixt’s potential performance, leading to a Buy rating.
In another report released on October 15, Warburg Research also maintained a Buy rating on the stock with a €125.00 price target.