Fraport

JPMorgan maintains a buy recommendation for Fraport with a price target of €81 and sees potential in the European airport sector, supported by Terminal 3 and a cargo offensive. Against this are three headwinds: a conservative valuation model with a fair value well below the share price, a majority of analysts recommending only “hold”, and the upcoming exclusion from the Stoxx Europe 600 on 21 September, which could trigger forced selling. Additional operational risks arise from tougher EU border controls (EES) and Lufthansa’s capacity/cost strategy at the hub. » Plus sur de.investing.com

Warburg Research reduces its price target for Fraport from €74 to €68 and affirms a "Hold" rating, yet the stock barely moves and is trading near €63. Jefferies and JPMorgan are more positive with targets of €85 and €81, respectively, while the analyst consensus stays neutral at an average of €75.52. Operationally, July traffic figures show growth with 23.4 million passengers, whereas the InvestingPro fair value of €54.16 is substantially lower and analysts have recently lowered EPS forecasts. Key dates are Routes World in October and the Q3 report on 4 November, which should clarify the stock's direction. » Plus sur de.investing.com

Frankfurt Airport reported passenger growth of 1.4% in July to about 6.2 million travelers, despite fewer takeoffs and landings (41,286), which Fraport attributes to higher load factors and larger aircraft. Cargo volume rose slightly by 0.9%, while the total weight of departures fell by 0.8%. Group-wide, passenger traffic in the reporting month increased by 2.2% to around 23.4 million; the Fraport share briefly gained 0.6% to €67.25. » Plus sur finanzen.net