Getlink: Oddo BHF revises target price

(CercleFinance.com) - On Wednesday an Oddo BHF analyst trimmed his target price for the Getlink share from 15.
10 euros to 14.9 euros, while confirming a "Buy" recommendation.

The broker says that its new traffic assumptions, as well as updated currency forecasts lead it to cut its 2020 and 2021 EBITDA estimates by 24% and 9% respectively (albeit with a positive impact from FX factors on debt). Analysts are also lowering their Capex assumptions (-20 million euros). They consider that this will be a dire year for the group, although Getlink still has a capacity to cope up its sleeve.

The broker's new target price suggests upside potential of 34%.


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