Hold at 14p recommends Deutsche Bank.
Results last week showed that the holiday group made a pre-tax loss of £911 million for the year.
Although this may appear terminal says Deutsche, it is actually not so bad on closer examination, as much of it was further accounting writedowns.
The broker admits that the company still has some woeful operational issues, which it needs to turn around.
Deutsche suggests that there are many large banks that have exposure to the group and it is therefore likely that they will continue to support it in its turnaround phase.
Shareholders should therefore consider holding the stock despite the difficult trading position
Mytravel stock quotes
Mytravel stock charts
Follow this thread
