Vinci: Stifel still on 'hold' but raises target price

(CercleFinance.com) - Stifel believes that Vinci's 2020 results should " show how bad last year was," and could " result in a number of earnings downgrades for 2021".


According to the broker, Vinci should also experience "another difficult year".

However, based on the group's strong track record, its healthy balance sheet and the potential ACS deal, the broker has raised its target price for the share to 75 euros, from 72 euros previously (current price: 85.6 euros, -1%). It maintains its "hold" rating on the share.


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