Eiffage: UBS reinstates 'Buy' rating after APRR traffic
(CercleFinance.com) - UBS reinstates its "buy" recommendation and on the Eiffage share, along with its target price of 105 euros, the day after APRR's trading update, Eiffage's motorway concessions subsidiary.
Although its traffic in the second quarter fell by 2.1%, while it was only expecting it to fall by 1.4%, the broker puts forward a difficult comparison basis, with rail strikes in France that benefited APRR a year ago.
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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.
Although its traffic in the second quarter fell by 2.1%, while it was only expecting it to fall by 1.4%, the broker puts forward a difficult comparison basis, with rail strikes in France that benefited APRR a year ago.
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.