UBS has reiterated its recommendation to 'buy' Eiffage, although it has reduced its target price from €152 to €144. The brokerage believes that this revised target still represents an attractive valuation for the French construction and concessions group.

Eiffage shares are considered to have significant potential for growth, with a projected total shareholder return (TSR) of +65% based on the sum of parts (SOP) analysis. Furthermore, UBS estimates an internal rate of return (IRR) on equity of 13% to 14%, indicating strong investment opportunities despite recent tax changes.

It is advised that investors carefully consider this information, and those without expertise in the market may find it beneficial to seek advice from a professional advisor before making investment decisions.