NEW YORK (dpa-AFX Broker) - U.S. investment bank Morgan Stanley upgraded Tui to "Equal-weight" from "Underweight" and left its price target at 740 pence. Now that the dust has settled from the capital raise, the stock is trading well below his price target, analyst Jamie Rollo wrote in a research note issued Tuesday. While he continued to have longer-term concerns with regard to operations and free cash flow, these appeared to be priced in. The tourism group's latest quarterly results signaled possible forecast increases./edh/bek

Original study publication date: 05/16/2023 / 04:30 GMT.

First disclosure of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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