Wednesday March 18, 12:39 PM
Glance-STOCKS NEWS EUROPE-Fraport slides; Goldman lowers price target
STOCKS NEWS Reuters Results diary
Stocks on the move Real (Frankfurt: BJU.F - news) -time
Equity News
12:23GMT 18March2009-Fraport (Xetra: 577330 - news) slides; Goldman cuts target
--------------------------------------------------------
Shares in Fraport fall 4.5 percent, making them one of the top
decliners among German midcaps as Goldman Sachs (NYSE: GS - news) lowers its price target
for the Frankfurt airport operator to 19 euros from 24 euros and adds the stock
to its 'conviction sell' list.
'We believe that monthly traffic data will continue to highlight
persistently weak passenger demand. Any announcement of a reduction in capacity
by Lufthansa (Xetra: 823212 - news) or other operators would also be a negative we believe,'
the brokerage says it a note to clients.
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
