Fraport: Credit Suisse still a seller, but raises TP
(CercleFinance.com) - This morning, Credit Suisse analysts confirmed their "Underperform" rating on the Fraport stock, although said that they have raised their corresponding target price from 26 euros to 30 euros (current price: 34.
7 euros, -3.5%).
"We continue to see further risks of travel restrictions across Europe. Rapidly increasing case numbers in Greece could lead to the UK imposing restrictions, and with Fraport's Greek business 14% of EBITDA in 2019 and seats between the UK and Greece 19% of the total, this would be significant," Credit Suisse says.
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