Cellnex: UBS reiterates buy rating
(CercleFinance.com) - UBS reiterates its buy rating on the Cellnex stock, with a target price of E46.
4, following the agreement with the Nordic countries and Poland.
"Nordic deal structure serves to immediately offset Poland buyout. High multiple monetisation helps at a time when leverage is globally in focus", UBS says.
The analyst believes that new initiatives could give rise to shorter-term catalysts as well as a higher long-term growth profile.
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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.
4, following the agreement with the Nordic countries and Poland.
"Nordic deal structure serves to immediately offset Poland buyout. High multiple monetisation helps at a time when leverage is globally in focus", UBS says.
The analyst believes that new initiatives could give rise to shorter-term catalysts as well as a higher long-term growth profile.
Copyright (c) 2023 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.