Supported by an increase in brokerage
(CercleFinance.com) - Against the clearly negative trend in Paris, Aéroports de Paris (ADP) climbs over 2% on the back of a recommendation upgrade by Stifel from 'hold' to 'buy', with a price target raised from €130 to €148.
In particular, it 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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