Avolta slides as slowdown in Americas hits Q3 organic growth
** Shares of Swiss duty-free retailer Avolta AVOL.S slide 2.8%
** Analysts point to Q3 organic growth slightly behind expectations amidslower growth in both Americas
** Vontobel says Q3 organic growth of 5.7% is 'slightly shy' of expectations after 7.1% in H1,
** Broker points to a slower growth in North America and a decline in Latin America (Argentina), while both EMEA and APAC remained robust
** J.P. Morgan says, growth was impacted in particular by a 5% drop in LatAm due to the impact on purchasing in Argentina
** Both brokers though point to Avolta's strong cash performance
** "We expect slight downward revisions on topline but upward on margins and cashflow," Vontobel adds
Reporting by Anastasiia Kozlova and Amir Orusov
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