Vinci shares managed to keep their head above water on Tuesday morning on the Paris Bourse, posting one of the rare gains of the CAC 40 index in the wake of a note from RBC, which considers the construction giant's share price to be at a discount, despite the catalysts from which it could benefit.

The Canadian broker, which begins coverage of the stock with an 'outperform' rating and a price target of 130 euros, believes that the French group has significant potential for value creation.

We believe that the quality of Vinci's construction businesses is only improving (under the impact of the energy transition), and consider that an extension to Gatwick airport (following that of Aerodom) could further strengthen the group's confidence in its ability to create value from its existing portfolio", explains the broker in a study devoted to the concessions sector.

At 10:50 a.m., the share was up 0.2%, the fourth biggest gainer on the Paris blue-chip index, which was losing 1% at the same time.

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