Fraport: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse on Friday raised its target price on German airport operator Fraport to 87 euros from 86 euros, while maintaining a "neutral" rating on the stock.


In a note to clients, the brokerage firm said the group's upgrade cycle is still intact after first-quarter results, and expects consensus expectations to rise following the report.

Credit Suisse added that it expects management to raise guidance at first-half results on 8 August.

However, valuation remains unattractive, the broker said, supporting its "neutral" stance on the share.

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