Auckland Airport Downgraded After Recent Share Price Strength -- Market Talk
Auckland Airport Downgraded After Recent Share Price Strength -- Market Talk
2119 GMT - Auckland International Airport remains well positioned to return to growth as Covid-19 restrictions are lifted, but recent share price strength means further upside is limited, says Jefferies, which downgrades to hold from buy. Auckland Airport shares are up nearly 13% since the start of September. "The current market cap of Auckland Airport is 2.3% above its all-time high on 8 August 2019, while the enterprise value is below by 4.0%," Jefferies says. "Passengers are expected to recover, however the uneven path to full recovery is still a few years away." Jefferies has a NZ$8.31 price target versus the last closing price of NZ$8.15. (stephen.wright@wsj.com)
格林尼治標準時間2119分——傑富瑞表示，隨着Covid-19限制的解除，奧克蘭國際機場仍處於恢復增長的有利地位，但最近的股價走強意味着進一步的上行空間有限，傑富瑞將評級從買入下調至持有。自9月初以來，奧克蘭機場的股價上漲了近13％。傑富瑞說：“奧克蘭機場目前的市值比2019年8月8日的歷史最高水平高出2.3％，而企業價值低於4.0％。”“預計乘客將康復，但是距離全面復甦的參差不齊的道路還有幾年的時間。”傑富瑞的目標股價爲8.31新西蘭元，而上次收盤價爲8.15新西蘭元。(stephen.wright@wsj.com)
譯文內容由第三人軟體翻譯。