Aena: stock up on broker's comments
(CercleFinance.com) - The share of Spanish airport manager, Aena group is up 6% on Monday, boosted by a Credit Suisse analyst, who has upgraded the share from "neutral" to "outperform".
Alongside this upgrade however, the broker has cut its corresponding target price from 168 euros to 148 euros.
"The stock is weighed down by liquidity and traffic concerns, but our analysis shows that its liquidity is well placed to weather the storm, and its business benefits from inherent resilience," the broker says.
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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.
Alongside this upgrade however, the broker has cut its corresponding target price from 168 euros to 148 euros.
"The stock is weighed down by liquidity and traffic concerns, but our analysis shows that its liquidity is well placed to weather the storm, and its business benefits from inherent resilience," the broker says.
Copyright (c) 2020 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.