FRANKFURT (dpa-AFX Broker) - Fraport shares continued their downward slide from Friday with a clear loss on Monday. Traders pointed to price target reductions by several analysts in response to the airport operator's gloomy earnings outlook.
In the morning, Fraport shares were down 2.2 percent at 68 euros, after already losing nearly two percent in value on Friday.
Analysts at US investment bank Morgan Stanley lowered their price target for Fraport from €82 to €80 and left the stock at "equal weight." Analyst firm MWB Research reduced its price target from €64 to €62 and confirmed its sell recommendation for the stock.
MWB analyst Oliver Wojahn suspects that the business plan for 2026 points to significant cost burdens that are likely to lead to a sharp decline in profits. /edh/nas/zb
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