Vinci shares have been given a Buy recommendation by UBS, with a target price of €132, suggesting a potential upside of 33%. This decision was made in light of positive traffic figures for airports and freeways in November, indicating a strong performance in the sector.
In November, freeway traffic increased by 3.8%, with light vehicle traffic rising by 5.4%, thanks to favorable long weekend positioning. Passenger traffic at Vinci Airports also experienced a significant boost, up 8.8% compared to 2023, reflecting a strong recovery in travel demand.