BUZZ-Deutsche Bank keeps selective approach on leisure for 2026, highlights hotels
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Deutsche Bank remains selective on the European leisure sector for 2026, favoring hotels due to geopolitical and tariff uncertainties. It upgrades Accor to "buy" citing catalysts like Essendi disposal, while downgrading Elior to "hold" due to low liquidity. DB highlights "buy" ratings for Compass, Tui, Edenred, Melia, Jet2, OTB, Saga, and maintains "hold" for IHG, Whitbread, Sodexo, Pluxee, Scandic, and Elior.
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