Vinci: UBS remains on 'buy', adjusts target

(CercleFinance.com) - UBS reaffirms its 'buy' recommendation for the Vinci share with a target price adjusted from 99 to 101 euros, valuing the French concessions and construction group's upside potential at 10%.


The broker highlights higher airport traffic, in part offset by lower construction earnings, as well as an internal rate of return of 9% offered by the share, compared to a French 10-year yield of nearly 0%.

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