(CercleFinance.com) – Stifel maintains its ‘hold’ rating on Aéroports de Paris (ADP) shares with a reduced price target of 150 to 130 euros.
As ADP reports results on February 15, Stifel anticipates ‘strong overall’ figures, supported by continued traffic recovery and robust retail sales.
The analyst expects traffic to continue to recover thanks to Chinese travel and increased capacity on low-cost carriers.
Nevertheless, Stifel believes that the new tax on French concessions could create a regulatory constraint in the short term and that the share price could remain under pressure in the short term.
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