UBS has reiterated its 'buy' recommendation on Eiffage, despite revising its target price from 152 to 144 euros. The new target price is still seen as attractive for the French construction and concessions group, indicating significant potential for investors.
The brokerage emphasizes a total shareholder return (TSR) of +65% based on the sum of parts (SOP) valuation, along with an internal rate of return (IRR) on equity projected between 13% and 14%. This positive outlook remains unchanged even in light of recent tax changes impacting the sector.
It is advised that investors carefully consider this information and seek professional advice if they lack expertise before making investment decisions.