(News Bulletin 247) – Stifel maintains its Buy rating on Vinci shares and its price target at 125E.
The current situation remains ‘favourable’, the market being able to ‘underestimate the performance of the group in terms of contracts’, explains the analyst.
Given the group’s usual split between the first and second half of the year, Stifel would not be surprised to see further upward revisions to earnings after the results for the first half of the year 23: ‘We have already raised slightly our estimates.’
‘Finally, although we still prefer Ferrovial, we would not be surprised to see Vinci catch up in the short term’, continues the broker.
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