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Vinci: UBS reiterates buy rating

( - 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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