As a result of the coronavirus, Ord Minnett reviews traffic trends and the share price performance of Sydney Airport during previous pandemics.

The broker finds that international passenger numbers were severely affected during the SARS outbreak and as a result downgrades growth expectations.

The broker considers the stock fully priced and maintains a Lighten rating and $8.20 target.

Sector: Transportation.

Target price is $8.20.Current Price is $8.34. Difference: ($0.14) - (brackets indicate current price is over target). If SYD meets the Ord Minnett target it will return approximately -2% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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