Fraport: UBS double upgrade drives shares higher
(CercleFinance.com) - Shares of German airport operator Fraport are up 3% today, after UBS "double upgraded" the stock from "sell" to "buy".
The broker said it expects the company to benefit from renewed growth at Frankfurt airport and a positive momentum in its external operations.
UBS has therefore raised its target price for the share from 62 euros to 105 euros.
The company's shares are currently up 3.5% at 96.3 euros in Frankfurt this Thursday.
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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.
The broker said it expects the company to benefit from renewed growth at Frankfurt airport and a positive momentum in its external operations.
UBS has therefore raised its target price for the share from 62 euros to 105 euros.
The company's shares are currently up 3.5% at 96.3 euros in Frankfurt this Thursday.
Copyright (c) 2018 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.