Fraport: shares up, with broker upgrade
(CercleFinance.com) - Shares in Fraport rose slightly on Wednesday, with a broker upgrade to to 'equal weight', highlighting the appeal of the German airport operator.
Barclays has upgraded Fraport to "equal weight" from "underweight" and lifted its target price to 67 euros, from 65 euros, seeing a mixture of "positive and negative catalysts", as well as "valuation support".
At 16:00, shares in Frankfurt, which have risen by 3.6% over the past year, were up 0.4% at 64.7 euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Barclays has upgraded Fraport to "equal weight" from "underweight" and lifted its target price to 67 euros, from 65 euros, seeing a mixture of "positive and negative catalysts", as well as "valuation support".
At 16:00, shares in Frankfurt, which have risen by 3.6% over the past year, were up 0.4% at 64.7 euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.