Getlink: BarCap upgrades stock
(CercleFinance.com) - Barclays Capital (BarCap) has upgrade its rating on Getlink (formerly Eurotunnel) to "weight in line," with a new target price of 12 euros, after increasing its 2018-2020 EPS estimates by an average of 6%.
Although the broker remains concerned about Getlink's underlying end markets, it notes that recent trends have been more resilient than feared (even though Eurostar may have suffered from strikes), it pointed out.
BarCap also believes that Atlantia's entry into the group's capital with a premium limits the stock's downside potential and that the upcoming investor meeting could lead them to focus more on uncertainties in medium rather than near term.
Copyright (c) 2018 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.
Although the broker remains concerned about Getlink's underlying end markets, it notes that recent trends have been more resilient than feared (even though Eurostar may have suffered from strikes), it pointed out.
BarCap also believes that Atlantia's entry into the group's capital with a premium limits the stock's downside potential and that the upcoming investor meeting could lead them to focus more on uncertainties in medium rather than near term.
Copyright (c) 2018 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.