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ADP: Barclays upgrades stock

( - On Tuesday Barclays upgraded its rating on ADP shares from "underweight" to "equal weight", having raised its target price for them from 118 euros to 136 euros.

In a sector report, the broker praises the French airport operator's sound cost control, which had the good idea of hedging against rising energy prices through to 2023.

The analyst also mentions the group's ability to pass on inflation to its tariffs, both for its regulated activities (industrial services) and unregulated activities (retail, real estate).

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