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".
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