Vinci: Morgan Stanley raises target price
(CercleFinance.com) - Morgan Stanley has reinstated its "overweight" rating on the Vinci share, and has raised its corresponding target price from 103 euros to 105 euros, saying that it still sees the French construction and concessions group as the "king of cash".
The broker explains in its note that "We now model ~E4bn of FCF in sight for 2019e, a year early on the path to E6bn by 2024-25e". Copyright (c) 2019 CercleFinance.com. All rights reserved. The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities. |
19/04/2024 18:06
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