Eiffage: Stifel upgrades stock

(CercleFinance.com) - Stifel has upgraded Eiffage shares from 'hold' to 'buy', with a target price raised from E101 to E125, which is "in line with our sector strategy of rotating into value, while gradually moving from North American to European exposure".


According to the broker, Eiffage has underperformed the market and its closest peers for over a year, and its marked valuation discount to its peers "now appears overdone given that the business is fundamentally strong".

Looking ahead, Stifel adds that it expects "the market to focus on further investments in concessions, with a focus on Getlink, to compensate for the APRR concession coming to an end".


Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.