ADP: Barclays upgrades stock
(CercleFinance.com) - On Tuesday Barclays upgraded its rating on ADP shares from "underweight" to "equal weight", having raised its target price for them from 118 euros to 136 euros.
In a sector report, the broker praises the French airport operator's sound cost control, which had the good idea of hedging against rising energy prices through to 2023.
The analyst also mentions the group's ability to pass on inflation to its tariffs, both for its regulated activities (industrial services) and unregulated activities (retail, real estate).
Copyright (c) 2022 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.
In a sector report, the broker praises the French airport operator's sound cost control, which had the good idea of hedging against rising energy prices through to 2023.
The analyst also mentions the group's ability to pass on inflation to its tariffs, both for its regulated activities (industrial services) and unregulated activities (retail, real estate).
Copyright (c) 2022 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.