On Monday, Barclays raised its target price for Eiffage shares from €121 to €123, with its recommendation unchanged at 'overweight'.

While it expects the freeway and construction businesses to hold up well, the analyst believes that Eiffage's lack of exposure to the airport business limits the potential for positive surprises when the group publishes its next annual results.

The research firm indicates that it has raised its earnings forecasts for the company by an average of 4% for the period 2022-2024, as it now considers Getlink to be a subsidiary of the company following its recent acquisition of a stake, despite the increase in financing costs.

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