Aena: Credit Suisse downgrades buy rating

(CercleFinance.com) - Credit Suisse has abandoned its buy ("outperform") rating on the share of Spanish airport operator Aena, adopting a "neutral" stance.

Alongside this downgrade, the broker has trimmed its target price for the share from 170 euros to 167 euros, which suggests upside potential of just 6%.

"We downgrade Aena to Neutral following its strong share price performance and a less optimistic outlook for summer 2019 traffic growth: We believe that following a period of outperformance, the outlook for the stock is now fairly priced by the market," the broker's note says.



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