Report
Fehmi Ben Naamane ...
  • Matthias Desmarais

Thomas Cook : Q3 preview: momentum less favourable in the short/medium term. Buy - Target price adjusted to 155p

>Momentum less favourable in the short/medium term - Thomas Cook’s Q3 results (to end-June) are likely to reflect a negative tone, with momentum being broadly less favourable in the short term. Our fears are based on recent sales trends in the tourism sector and factors specific to Thomas Cook. The group is set to be hit by several factors, i/ airline overcapacity in Germany, as flagged up by Ryanair, which is likely to impact the airline Condor which is in the proces...
Underlying
Thomas Cook Group PLC

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fehmi Ben Naamane

Matthias Desmarais

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Matthias Desmarais
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