Vinci: UBS still a buyer

(CercleFinance.com) - UBS maintains its buy rating on the Vinci stock, along with its target price of 114 euros.


"Despite macro concerns, trading conditions are still good, helped by airport recovery and rising energy capex," the broker said.

Continuing the trend of the previous months, the recovery in traffic continued in August in almost all hubs of the Vinci Airports network, with 76.1% y-o-y growth.

The group said that the return of traffic to levels that are close to those of 2019 was confirmed in several airports - notably in Portugal, Serbia and on the American continent.



Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.