Barclays reaffirms its 'overweight' recommendation on Vinci, with a price target raised from 132 to 140 euros, explaining that it 'takes a positive stance on the segment for 2024' and believing that 'share prices offer substantial upside potential'.

In its sector note, the broker also highlights 'neglected short-term growth, strong inflation hedges to fuel margin expansion, and above-average medium-term growth and execution'.

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