ADP: share up, with BofA seeing potential
(CercleFinance.com) - Aéroports de Paris (ADP) shares are going against the grain on Monday, posting one of the strongest gains on the SBF 120 index after Bank of America's comments, seeing at least 40% upside potential for the stock.
Shortly before 2pm, the stock was up 1.8%, while the SBF was down over 0.5%.
In its morning comments, BofA said it remained positive on the airport operator, expecting a gradual recovery in traffic this year.
The US bank also stated that it expects the retail momentum, combined with reassuring international trends (TAV Airports), to enable the group to exceed consensus forecasts by 3% to 5% over 2025-2027.
The New York broker, which maintains its buy recommendation on the stock, sees over 40% upside potential in its target price of E155.
ADP will publish its FY 2024 results on 19 February.
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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.
Shortly before 2pm, the stock was up 1.8%, while the SBF was down over 0.5%.
In its morning comments, BofA said it remained positive on the airport operator, expecting a gradual recovery in traffic this year.
The US bank also stated that it expects the retail momentum, combined with reassuring international trends (TAV Airports), to enable the group to exceed consensus forecasts by 3% to 5% over 2025-2027.
The New York broker, which maintains its buy recommendation on the stock, sees over 40% upside potential in its target price of E155.
ADP will publish its FY 2024 results on 19 February.
Copyright (c) 2025 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.