ADP: Barclays raises price target

(CercleFinance.com) - Barclays maintains its 'equal weight' recommendation on Aéroports de Paris shares, but raises its target price for them from E115 to E120, after 2023 EBITDA was in line with market expectations, while net profit exceeded them, thanks to exceptional gains.


"Given the broad portfolio of challenges that lie ahead, guidance for FY24 was relatively constructive", the broker believes, adding "We continue to see economic regulation as the key, still highly uncertain issue".


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