Vinci: UBS remains on 'buy', adjusts target
(CercleFinance.com) - UBS reaffirms its 'buy' recommendation for the Vinci share with a target price adjusted from 99 to 101 euros, valuing the French concessions and construction group's upside potential at 10%.
The broker highlights higher airport traffic, in part offset by lower construction earnings, as well as an internal rate of return of 9% offered by the share, compared to a French 10-year yield of nearly 0%.
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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 highlights higher airport traffic, in part offset by lower construction earnings, as well as an internal rate of return of 9% offered by the share, compared to a French 10-year yield of nearly 0%.
Copyright (c) 2019 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.