CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Citi upgrades Ferrovial, says market overlooks growth

By Reuters News

** Citi upgrades construction firm and infrastructure operator Ferrovial FER.MC to "buy" from "neutral" as it believes the market is underestimating its growth

** "The market is discounting both the group's growth trajectory, underpinned by its high quality concession assets ... as well as the recent US P3 project wins," Citi says

** The brokerage sees an attractive entry point as shares have underperformed the STOXX Europe 600 construction and materials .SXOP benchmark by 5%

** "Our fundamental view is largely unchanged, with the re-rating primarily driving the upgrade," the brokerage says

** Citi estimates compound annual EPS growth rate of 13% over 2027 to 2030, compared to 5% average for peers, driven mainly by its strong pricing power

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.