ADP shares were one of the biggest decliners on the SBF 120 index on Wednesday morning on the Paris Bourse, in the wake of a downgrade by Deutsche Bank.
At around 10:45 a.m., the airport operator's shares were down by more than 1%, while the SBF was virtually unchanged.
In a sector note, Deutsche Bank indicates that it has downgraded its advice on the share to 'hold' from 'buy', with a price target lowered from 142 to 130 euros.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Aéroports de Paris develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2023, the Group handled c. 99.7 million passengers at Paris-CDG and Paris-Orly, and c. 326.7 million passengers abroad. Boasting an exceptional geographic location and a major catchment area, Aéroports de Paris is pursuing its strategy of adapting and modernizing its terminal facilities, upgrading quality of services and developing retail and real estate businesses. Sales break down by activity as follows:
- supply of airport services (32.9%): air traffic management, intermodal transportation and terminal management, telecommunication spaces, and installation of airport infrastructures, etc.;
- operating sales areas and services (30.5%): shops, restaurants, banks, exchange offices, etc.;
- real estate management (5.4%): land and commercial real estate property leasing (businesses, offices, hotels, logistics buildings, passenger registration and transfer, baggage handling, aircraft management (cleaning, guidance, storage and starting assistance, aircraft loading and unloading), etc.;
- other (31.2%): including international airport management, airport engineering services, specialized telecommunications services, etc.
AÉROPORTS DE PARIS 
