ADP: Stifel upgrades stock
(CercleFinance.com) - Stifel has upgraded Aéroports de Paris (ADP) shares from 'hold' to 'buy', with a target price raised from E130 to E148, after the stock's underperformance relative to its peers (for nearly two year), sue to certain macro and group-specific risks.
Analysts believe that these headwinds could soon abate, as the group is due to change its CEO in January 2025 and fully offset the infrastructure tax from April 2025.
Stifel also believes that the market is completely unaware of ADP's stake in GMR Airports, and that although specific country risks could remain, an improvement in GMR's fundamentals and communication could further support the share price.
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Analysts believe that these headwinds could soon abate, as the group is due to change its CEO in January 2025 and fully offset the infrastructure tax from April 2025.
Stifel also believes that the market is completely unaware of ADP's stake in GMR Airports, and that although specific country risks could remain, an improvement in GMR's fundamentals and communication could further support the share price.
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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.