Analyst Augustin Cendre of Stifel Nicolaus maintained a Buy rating on Aeroports de Paris ADP (0NP8 – Research Report), with a price target of €148.00.
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Augustin Cendre has given his Buy rating due to a combination of factors including Aeroports de Paris ADP’s strong financial performance and strategic initiatives. The company posted impressive FY-24 results, surpassing expectations with a 12% increase in sales driven by traffic growth and improved retail sales per passenger. Additionally, TAV Airports, a part of the group, showed robust revenue growth, contributing to a positive outlook.
Furthermore, the recent appointment of Philippe Pascal as CEO is seen as a stabilizing factor that could support the stock’s performance. The continuity in leadership is expected to help the company navigate existing challenges, including political uncertainties in France, with a potential for stock re-rating as these headwinds diminish. Overall, the combination of strategic success, financial outperformance, and leadership continuity underpins the Buy recommendation.
In another report released on February 4, Jefferies also maintained a Buy rating on the stock with a €139.00 price target.