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Vinci: UBS still a buyer

( - UBS maintains its buy rating on the Vinci stock, along with its target price of 114 euros.

"Despite macro concerns, trading conditions are still good, helped by airport recovery and rising energy capex," the broker said.

Continuing the trend of the previous months, the recovery in traffic continued in August in almost all hubs of the Vinci Airports network, with 76.1% y-o-y growth.

The group said that the return of traffic to levels that are close to those of 2019 was confirmed in several airports - notably in Portugal, Serbia and on the American continent.

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