COMPAGNIE DES ALPES : Stifel lowers its target price
The broker nevertheless points out that, for the time being, this is only a proposal, not a government decision, and that the amounts targeted and mentioned in the report appear circumscribed.
A new tax would not prevent the CDA from continuing to increase its ski pass prices, and paradoxically, the report highlights once again that skiing remains a luxury product with exceptional pricing power," he adds.
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