Eiffage gains nearly 1% in Paris, as Barclays today raised its target price for the stock from 121 to 123 euros, with its recommendation unchanged at 'overweight'.

While the analyst expects the freeway and construction businesses to hold up well, he believes that Eiffage's lack of exposure to the airport business limits the potential for pleasant surprises when the group publishes its next annual results.

The research department indicates that it has raised its earnings forecasts for the company by an average of 4% for the period 2022-2024, as it now considers Getlink to be a subsidiary of the company following its recent acquisition of a stake, despite the increase in financing costs.

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