Getlink: UBS downgrades 'buy' recommendation
(CercleFinance.com) - UBS has downgraded its recommendation on Getlink shares from 'buy' to 'neutral,' having reduced its corresponding target price from 15.
3 euros to 13.9 euros, which leaves residual upside potential of just 4% for the transport infrastructure group that operates the Channel Tunnel.
Summarising, the broker highlights, "potential increased competition risk," with "potential downside risks to volumes/pricing due to a new ferry operator planning to enter the Dover Straits market".
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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.
3 euros to 13.9 euros, which leaves residual upside potential of just 4% for the transport infrastructure group that operates the Channel Tunnel.
Summarising, the broker highlights, "potential increased competition risk," with "potential downside risks to volumes/pricing due to a new ferry operator planning to enter the Dover Straits market".
Copyright (c) 2021 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.