Stifel maintains its 'Hold' rating on Eiffage shares, with a target price of 102.5 euros.

Last week, Eiffage reported 9-month sales of €15,893 million to the end of September, up 8.7% on the same period a year earlier.

The Group confirmed its outlook, forecasting a further increase in operating income before non-recurring items in Works and Concessions, as well as in net income, Group share.

Even if Eiffage's growth potential is hard to ignore, we believe that, for the time being, it is its conservative strategy, rather than its outlook, that is holding back the stock', says Stifel.


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