Bank of America reduces its price target

(CercleFinance.com) - While maintaining its 'buy' recommendation on Aéroport de Paris (ADP), on a valuation that is 'hardly demanding' and upside potential for 2025 targets and consensus, Bank of America cuts its price target from 155 to 150 euros.


ADP's share price fell by 8% on Thursday, probably as a result of comments on higher capital expenditure at the time of the 2024 results', notes the broker, also pointing to targets for 2025 in line.

'Visibility on capital expenditure (budgets, timing) is low. However, they should boost regulated and non-regulated EBITDA', adds BofA, which maintains ADP in its list of best ideas for the first quarter.

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