(CercleFinance.com) – Bank of America announced on Thursday that it had lowered its target price on Getlink, which it reduced from 20.5 to 19 euros, while renewing its buy recommendation on the stock.
In a research note, the intermediary justifies the revision of its objective by the rise in interest rates and the increasingly precise threat of a recession which would penalize the traffic of its truck shuttles.
Despite everything, BofA indicates that it expects a favorable tariff evolution on all trades and highlights the “significantly better than expected” performance of the ElecLink electrical interconnection compared to the objectives that the group had initially set itself.
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