(News Bulletin 247) – Oddo BHF reaffirms its ‘outperformance’ opinion and raises its price target from 123 to 138 euros on Vinci, seeing in the construction and concessions group, ‘the big forgotten winner of the energy transition’.
According to the analyst, Vinci could invest 27 billion euros in the decarbonization of motorways, while proposing a price reduction of 15% against an extension of the life of French motorways.
‘In the shorter term, the group’s renewable portfolio could quickly draw the market’s attention to its hidden value’, adds Oddo BHF, for whom ‘a CMD on renewables could make it possible to crystallize this value’.
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