Cellnex: UBS reiterates buy rating

(CercleFinance.com) - UBS reiterates its buy rating on the Cellnex stock, with a target price of E46.
4, following the agreement with the Nordic countries and Poland.

"Nordic deal structure serves to immediately offset Poland buyout. High multiple monetisation helps at a time when leverage is globally in focus", UBS says.

The analyst believes that new initiatives could give rise to shorter-term catalysts as well as a higher long-term growth profile.


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