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Eiffage: UBS still a buyer, reduces its target price

( - UBS reaffirms its "buy" recommendation on Eiffage, with a price target lowered from E140 to E137, a new target that offers a potential 49% increase in the French construction and concessions group's share price.

" A 12% equity IRR even after taking into account potentially higher taxes looks compelling " the broker says.

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