Getlink: Oddo still a buyer, cuts target price
(CercleFinance.com) - Oddo BHF reinstates its "buy" recommendation on the Getlink share, while reducing its target price from 19.
1 euros to 15.1 euros, acknowledging a sharp drop in traffic that is to be expected, although no risk of cash for the operator of Channel tunnel.
Against the background of the border closures between France and the UK for non-EU/UK nationals, the broker is adopting a new scenario (-15% for shuttles and -10% for Eurostar), although it considers cash risk as "exaggerated".
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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.
1 euros to 15.1 euros, acknowledging a sharp drop in traffic that is to be expected, although no risk of cash for the operator of Channel tunnel.
Against the background of the border closures between France and the UK for non-EU/UK nationals, the broker is adopting a new scenario (-15% for shuttles and -10% for Eurostar), although it considers cash risk as "exaggerated".
Copyright (c) 2020 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.