ADP: UBS on hold, revises EBITDA guidance

(CercleFinance.com) - UBS confirms its neutral recommendation on the stock, with a target price of E130, representing upside potential of 10%.


"Lower traffic estimates, Extime SPP and higher opex lead to FY24/25/26 EBITDA revisions of -1.5%/-1.3%/-1.3%" UBS says.

"The target of EBITDA growth of at least 4% in 2024 is confirmed, as are our other assumptions, forecasts and targets for 2024 and 2025", company boss Augustin de Romanet said.


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