Fraport: UBS double upgrade drives shares higher

(CercleFinance.com) - Shares of German airport operator Fraport are up 3% today, after UBS "double upgraded" the stock from "sell" to "buy".


The broker said it expects the company to benefit from renewed growth at Frankfurt airport and a positive momentum in its external operations.

UBS has therefore raised its target price for the share from 62 euros to 105 euros.

The company's shares are currently up 3.5% at 96.3 euros in Frankfurt this Thursday.


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