Eurobank Equities raises target prices for AIA and Coca-Cola HBC

Eurobank Equities has adjusted its target prices for two major entities, Athens International Airport (AIA) and Coca-Cola HBC.

For Athens International Airport, the target price has been raised to €11.60 from €10.30, while maintaining a ‘Hold’ recommendation. The revision follows strong passenger traffic performance and growth prospects in commercial activities. The analyst noted that the airport's revised expansion plan, which aims for a capacity of 40 million passengers annually through a more gradual and flexible implementation, is a positive step to minimize operational disruptions. However, the total investment cost is now significantly higher than original estimates.

For Coca-Cola HBC, Eurobank Equities increased the target price to €61.70 from €59.50, maintaining a ‘Buy’ rating. This upgrade is driven by strong first-half performance and upgraded management guidance. The analyst highlighted the strategic importance of the acquisition of Coca-Cola Beverages Africa (CCBA) to expand geographic reach. For 2026, Eurobank Equities forecasts revenues of €12.48 billion and adjusted operating profits (EBIT) of €1.50 billion.