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Credit Suisse maintains its confidence in Aena's recovery in the "medium term"


Credit Suisse continues to defend Aena as a security "in a good position to recover after the Covid-19 crisis". In its latest report, the Swiss firm maintains a target price of 136 euros for each of the shares of the Spanish airport manager, which gives it a potential upward of 17% compared to the price it is registering this Monday.

In his opinion, the company "is well placed from a liquidity perspective", although it warns of the risks due to the increase in diagnoses of positive cases for coronavirus that is being observed in Europe. "The additional restrictions will negatively impact confidence and raise concerns about the recovery of airlines," collaterally affecting companies such as Aena, ADP and Fraport.

Some British media, such as 'The Daily Mail', pointed out last week that the United Kingdom impose on citizens and tourists who come from France a 14-day quarantine, as it already did with Spain. This decision "would have a limited direct impact on Aena, ADP or Fraport", defends Credit Suisse. Even so, he insists that more restrictions "would be negative for the confidence of the sector and would increase the probability of additional restrictions in other places, which could directly affect these companies."


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