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GS cuts Aena to 'neutral' seeing more limited upside

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** Goldman Sachs cuts Spanish airport operator Aena AENA.MC to "neutral" from "buy" due to a more limited upside to its unchanged PT of 200 euros

** GS says that following a period of strong performance its medium-term estimates are now below consensus, reflecting in the broker's view on inbuilt caps in commercial and regulated earnings

** "Since being added to the Buy List on October 10, 2022, the shares are up 74%, versus the FTSE World Europe's +35% and Goldman Sachs' European Transport and Infrastructure coverage's 22% rise over the period" - GS

** Out of 28 analysts that cover Aena, 16 rate the stock "strong buy" or "buy," 10 rate it "hold" and two rate the stock "strong sell" or "sell"

** Analysts median PT on the stock is 196 euros and has risen 3.2% in the last 30 days

Reporting by Maria Luiza Amaral


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