In a report released today, Johannes Braun from Stifel Nicolaus maintained a Buy rating on Fraport AG Frankfurt Airport Services Worldwide (0O1R – Research Report), with a price target of €65.00.
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Johannes Braun has given his Buy rating due to a combination of factors influencing Fraport AG’s financial outlook. Despite a slight miss in Q4 EBITDA, the company is expected to achieve a financial turnaround with a forecasted breakeven in free cash flow for 2025, as capital expenditures are projected to decrease significantly. This anticipated improvement in cash flow, coupled with a moderate growth in passenger traffic and single-digit EBITDA growth, underscores a positive outlook for the company’s financial health.
Additionally, the company’s Aviation segment has shown resilience with a 4% EBITDA beat, benefiting from increased fees. While the Retail & Real Estate and International Activities segments performed in line with expectations, the overall stability and expected growth in key areas support the Buy recommendation. The anticipated volume turnaround and strategic financial adjustments are pivotal in driving the company’s future performance, making it an attractive investment opportunity.
In another report released today, Barclays also maintained a Buy rating on the stock with a €70.00 price target.
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