ACRFF - Accor: Relatively Cheap Valuation Strong Secular Tailwind
2024-07-14 15:37:41 ET
Summary
- I give a buy rating for Accor as it benefits from a strong secular tailwind.
- ACCOR has a visible growth outlook given the size of its pipeline that should easily support 5% room count growth.
- ACRFF trades at attractive multiple compared to peers.