Getlink: UBS downgrades 'buy' recommendation

(CercleFinance.com) - UBS has downgraded its recommendation on Getlink shares from 'buy' to 'neutral,' having reduced its corresponding target price from 15.
3 euros to 13.9 euros, which leaves residual upside potential of just 4% for the transport infrastructure group that operates the Channel Tunnel.

Summarising, the broker highlights, "potential increased competition risk," with "potential downside risks to volumes/pricing due to a new ferry operator planning to enter the Dover Straits market".


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