Broker Snaps: Thomas Cook
Published Date:
12 July 2008
Thomas Cook
174p -9.6p
Broker says BUY
NEWS that the merger of Thomas Cook's no-frills airline Condor and Air Berlin has been scrapped has failed to dent confidence in the UK travel firm at Investec Securities. The broker, which maintained its "buy" rating and 326p price target, said the news came as no surprise.
Shares in the blue-chip business reacted well to he decision, although they are still more than 40 per cent off February's high and unlikely to outperform soon.
The full article contains 88 words and appears in The Scotsman newspaper.
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Last Updated:
11 July 2008 8:50 PM
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Source:
The Scotsman
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Location:
Edinburgh
