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Getlink: Oddo still a buyer, cuts target price

(CercleFinance.com) - Oddo BHF reinstates its "buy" recommendation on the Getlink share, while reducing its target price from 19.
1 euros to 15.1 euros, acknowledging a sharp drop in traffic that is to be expected, although no risk of cash for the operator of Channel tunnel.

Against the background of the border closures between France and the UK for non-EU/UK nationals, the broker is adopting a new scenario (-15% for shuttles and -10% for Eurostar), although it considers cash risk as "exaggerated".


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