Eiffage: price target lowered at UBS

(CercleFinance.com) – UBS reaffirms its ‘buy’ recommendation on Eiffage with an adjusted price target of 137 to 134 euros, a new target which contains an upside potential of 58% for the stock of the French construction and concessions group .

‘An IRR of around 13% seems attractive (even after the concessions tax), but capital allocation remains key’, estimates the broker, adding that ‘operational performance should remain resilient’.

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