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22 Nov 2019
VINCI: No more upside combined with a less favourable macro environment. | NEUTRAL vs. BUY | EUR97 vs. EUR92 (-3%)
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VINCI: No more upside combined with a less favourable macro environment. | NEUTRAL vs. BUY | EUR97 vs. EUR92 (-3%)
VINCI SA (DG:WBO) | 0 0 1.1% | Mkt Cap: 49,071m
- Published:
22 Nov 2019 -
Author:
Eric Lemarie -
Pages:
5
VINCI - NEUTRAL vs. BUY | EUR97 vs. EUR92 (-3%)
No more upside combined with a less favourable macro environment.
Downgrade to Neutral following the strong share price performance
Macro environment slightly less favourable with rates higher
…inflation-interest rates spread not that wide anymore…
While comparison basis will gradually get tougher.