Vinci: UBS confirms buy rating and E134 TP
(CercleFinance.com) - UBS has reiterated its Buy recommendation on Vinci shares, with a target price of E134 (cp: E105.
2, flat), following the announcement that airport traffic remained stable overall in June. This target price still leaves 27% upside potential for the stock.
Vinci's June traffic stabilised at 102% of 2019 levels, slightly below UBS' forecast of 104%, but roughly in line with recent trends, the broker says.
Vinci announced last night that its network welcomed nearly 81 million passengers this quarter, representing growth of 8.2% compared with 2023 (or +1.8% compared with 2019).
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
2, flat), following the announcement that airport traffic remained stable overall in June. This target price still leaves 27% upside potential for the stock.
Vinci's June traffic stabilised at 102% of 2019 levels, slightly below UBS' forecast of 104%, but roughly in line with recent trends, the broker says.
Vinci announced last night that its network welcomed nearly 81 million passengers this quarter, representing growth of 8.2% compared with 2023 (or +1.8% compared with 2019).
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.