TUI, IHG, Accor Among Top Leisure Picks at Morgan Stanley
2015-01-06 07:16:37.606 GMT
By Cormac Mullen
(Bloomberg) -- TUI, IHG, Accor, Playtech, Mitchells &
Butlers, RCL named top picks in European leisure and hotels
sector at Morgan Stanley; also likes Thomas Cook, Merlin, 888,
Betfair, according to note.
* Upgrades Mitchells & Butlers to overweight from equalweight,
OPAP to equalweight from underweight
* Sees Edenred, Paddy Power, JD Wetherspoon, Sodexo lagging
relatively, downgrades to underweight from equalweight
* Cuts SSP, Enterprise Inns to equalweight from overweight
* NOTE: Stoxx 600 Travel & Leisure index rose 18.3% in 2014 vs
4.4% rise in Stoxx 600
* NOTE today: Paddy Power Downgraded at Goldman, Nomura,
Morgan Stanley
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To contact the reporter on this story:
Cormac Mullen in Dublin at +353-1-523-9526 or
cmullen9@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2015-01-06 07:16:37.606 GMT
By Cormac Mullen
(Bloomberg) -- TUI, IHG, Accor, Playtech, Mitchells &
Butlers, RCL named top picks in European leisure and hotels
sector at Morgan Stanley; also likes Thomas Cook, Merlin, 888,
Betfair, according to note.
* Upgrades Mitchells & Butlers to overweight from equalweight,
OPAP to equalweight from underweight
* Sees Edenred, Paddy Power, JD Wetherspoon, Sodexo lagging
relatively, downgrades to underweight from equalweight
* Cuts SSP, Enterprise Inns to equalweight from overweight
* NOTE: Stoxx 600 Travel & Leisure index rose 18.3% in 2014 vs
4.4% rise in Stoxx 600
* NOTE today: Paddy Power Downgraded at Goldman, Nomura,
Morgan Stanley
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Cormac Mullen in Dublin at +353-1-523-9526 or
cmullen9@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net