Vinci: UBS reiterates buy rating
(CercleFinance.com) - UBS has confirmed its buy rating on the Vinci stock, with a target price of E127, following the announcement of traffic figures for August 2023.
The analyst believes that "airports are stagnating, while freeways are weakening slightly".
"Airports recovery holds at 96% versus 2019 whilst Autoroutes was impacted by heatwaves across France in August" UBS says.
Vinci Autoroutes recorded a slight decline in traffic (-1.4%) in August.
For the first eight months of the year as a whole, the traffic of all vehicles continued to grow, despite high fuel prices and negative calendar effects for trucks.
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