UBS has maintained a 'Buy' rating for Vinci, setting a target price of 131 euros, following disappointing third-quarter sales figures that fell short of market expectations. Analyst Gregor Kuglitsch noted that the underperformance was largely due to the expiration of major orders, which should not be seen as a long-term trend. Vinci, a leader in construction and concessions, reported a diverse revenue breakdown across various sectors and regions.
UBS has maintained a 'Buy' rating for Vinci, setting a target price of 131 euros, despite the company missing third-quarter sales expectations. Analyst Gregor Kuglitsch noted that disappointing results from the applied industrial technology provider Cobra IS and the construction division were largely due to the expiration of major orders, suggesting these issues should not be seen as indicative of ongoing performance.
UBS has maintained a 'Buy' rating for Vinci, setting a target price of 131 euros, despite the company missing third-quarter sales expectations. Analyst Gregor Kuglitsch noted that disappointing results from the applied industrial technology provider Cobra IS and the construction division were largely attributed to the expiration of major orders.
UBS has maintained a "Buy" rating for Vinci with a target price of 131 euros, despite the company missing third-quarter sales expectations. Analyst Gregor Kuglitsch noted that disappointing results were primarily due to the expiration of major orders in the applied industrial technology and construction sectors.
UBS has reduced its price target for Vinci from 134 to 131 euros while maintaining a "buy" rating ahead of the company's third-quarter results. Analyst Gregor Kuglitsch anticipates that Vinci will meet expectations, although order intake is expected to have significantly declined compared to last year due to a number of major orders received previously.
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