Fraport: Oddo still a seller, but raises TP
(CercleFinance.com) - Oddo maintains its "underperform" rating on Fraport shares, while nudging up its target price for them from 43 euros to 45 euros.
The broker stresses that the pleasant surprise of its Q2 results comes from the international division, which should continue to drive growth.
To help stave off inflationary pressures and the need to improve service, Oddo says that the group is fairly confident in its ability to increase fares in 2023 (it expects +4.9%), in particular underlining its excellent relations with the airline Lufthansa.
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