JPMorgan maintains Overweight rating on Fraport with 81 euro target

JPMorgan has maintained an ‘Overweight’ rating for Fraport, setting a price target of 81 euros. Analyst Elodie Rall highlighted significant value potential within the European infrastructure sector.

While the timing for a potential revaluation remains uncertain, the bank suggests that investors should focus on cash flow development following a period of stock underperformance. Key drivers for the company's valuation include passenger numbers, fee models, cost bases, and operational flexibility.