JCDECAUX : Barclays raises its recommendation
Although the broker admits to being "late to the stock's turnaround (up 83% from its September 29 low)", he believes there is still plenty of upside potential, and has posted above-consensus EBITDA and EPS forecasts for 2023.
JCDecaux could face a macroeconomic slowdown in Europe and the United States, but favorable winds from China and Covid-related airports mean it should still grow well in 2023', it believes.
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