TUI

TUI reiterates its annual forecast despite geopolitical headwinds and shows operational stability with improved booking momentum in recent weeks. Seven analysts give an average price target of €9.35 (around 39% above the current price); three recommend buy, four recommend hold. Headwinds remain rising net debt, a weaker airline business, and geopolitical and weather-related risks. Technically the stock is trading near its 12-month low; investors are watching the trading update on 22 September. » More on finanzen.net

TUI is introducing a low-cost secondary brand called Sundeals in the UK, which—following the Ltur model—offers inexpensive basic trips with paid add-ons. The aim is to win back lost market share in the highly competitive British market and to appeal across Europe to customers with a holiday budget of up to 750 euros. Sundeals is intended to protect TUI’s core profile while opening growth in a segment where TUI has recently been underrepresented outside Germany. » More on faz.net

Barclays has lowered its price target for TUI from €10 to €9.75 but kept the investment rating at 'overweight'. Analyst Andrew Lobbenberg described the third quarter as fairly robust and highlighted Tui Musement as a profit anchor. The Markets & Airlines segment is considered fairly volatile. » More on finanzen.net