Thomas Cook : Profit warning – Still a Buy, TP cut to 115 p (vs 155 p)
>Q4 trading update: negative comments on the summer season - Thomas Cook published a trading update on its Q4 (up to end-September) and its comments on the summer season were mostly negative. Management blamed particularly unfavourable weather conditions in Europe, penalising demand at its tour operator business. It also mentioned difficulties in the Spanish market which is experiencing significant cost inflation. None of this is new, since the market has been talking...Thomas Cook Group is a travel company. Co.'s segments include: Group Tour Operator, which includes tour operations and associated activities within Co.'s 17 source markets; and Group Airline, which provides airline-related services, including both scheduled and charter services, and associated activities within Co.'s four airlines.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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