Sixt rallies after Deutsche Bank says earnings momentum is picking up
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 18 2024
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Source: SeekingAlpha
- Deutsche Bank Upgrade: Deutsche Bank upgraded Sixt SE to a Buy rating from Hold, citing attractive shares before positive earnings momentum later in the year.
- Analyst Insights: Analyst Michael Kuhn highlighted positive year-over-year growth expectations for Sixt and the potential return to revenue growth over the next 12 months.
- Resilience and Risk Management: Sixt has shown resilience during past crises and managed residual value risks well, with less impact from EV residual value declines compared to competitors.
- Market Conditions and Reaction: Sixt reacted to changing market conditions by increasing depreciation and phasing out electric risk vehicles in response to Q1 2024 challenges.
- Stock Performance: Sixt SE's stock jumped 7.80% in Frankfurt trading following the upgrade, reaching €93.30, within a 52-week range of €80.20 to €122.40.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
