Vinci: Oddo still a buyer, but trims target price

(CercleFinance.com) - Oddo BHF reinstates its "outperform" rating on Vinci shares, while reducing its target price for them from 116 euros to 110 euros, preferring the stock - as well as its peer Eiffage - amongst construction and concessions stocks, in a sector report.


While all stocks we follow are going to suffer from increasing macroeconomic risks (inflation, rising interest rates, slowing growth), the ability to deal with them varies greatly depending on the segment, the analyst said.

According to the broker, motorways and construction are the best positioned, while airports will suffer more from rising interest rates and have a more limited ability to offset cost inflation.


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