(News Bulletin 247) – Stifel maintains its Buy recommendation on Vinci shares, with an unchanged price target of 125 euros.
The analyst says that the sell-side breakfast organized yesterday by the company had brought positive elements.
Thus, ‘the order book is solid’, which allows Vinci to be selective and potentially raise its margins.
‘Vinci Energies and COBRA IS in particular seem to be in the right long-term position,’ Stifel said.
The analysis office also reports that the theme of succession has been addressed, pointing to continuity beyond 2025.
Finally, ‘we think that the tax problem which the Group is facing in its French motorways activity is exaggerated’, concludes the broker.
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