We reiterate our confidence in management and, hence, our Buy recommendation, but with a single-digit decrease in our target price. Our view that revoking the Autostrade concession could only take place at a fair price for Atlantia as Italy belongs to the European Union is also reiterated. At AlphaValue, we would welcome a revocation (at a fair price) as it would accelerate the geographical diversification of Atlantia away from Italy.
16 Sep 2019
H1 19: we would welcome a revocation of the Autostrade concession (at a fair price)
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H1 19: we would welcome a revocation of the Autostrade concession (at a fair price)
- Published:
16 Sep 2019 -
Author:
Felix Brunotte -
Pages:
3
We reiterate our confidence in management and, hence, our Buy recommendation, but with a single-digit decrease in our target price. Our view that revoking the Autostrade concession could only take place at a fair price for Atlantia as Italy belongs to the European Union is also reiterated. At AlphaValue, we would welcome a revocation (at a fair price) as it would accelerate the geographical diversification of Atlantia away from Italy.