NEW YORK (dpa-AFX) - The US analyst firm Bernstein Research has upgraded its rating for Tui to "Market-Perform" with a target price of 6.80 euros after the figures for the first quarter. The tourism group presented a strong report overall, wrote analyst Richard Clarke in a study published on Wednesday. The management can now focus on important measures to simplify the group structure. This also includes the decision taken at the recent annual general meeting to delist Tui shares from the London stock exchange, which means that they will now only be traded in Frankfurt. Nevertheless, he is still not convinced that Tui is a buy. The high net debt of 8 billion euros and the higher valuation compared to the dividend payer Easyjet speak against it./edh/gl

Publication of the original study: 02/13/2024 / 19:18 / UTC First distribution of the original study: 02/14/2024 / 05:55 / UTC

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