Aeroports de Paris "reduce"

08/10/07 - Dexia Securities

LONDON, August 10 (newratings.com) - Analysts at Dexia Securities maintain their "reduce" rating on Aeroports de Paris (ADP). The target price is set to €59.

In a research note published this morning, the analysts mention that the company has reported its 1H07 sales marginally ahead of the estimates. The highest upside was delivered by the Ground Handling unit, which generated 12.9% revenue growth, the analysts say. Aeroports de Paris’ impressive growth profile is already more than reflected by the company’s share price, Dexia Securities adds.