Vinci Results Might Lead to Consensus Upgrades -- Market Talk

Dow Jones

02/07

1246 GMT - Vinci's guidance for 2025 might lead to a low-single-digit consensus upgrade, JPMorgan analysts say in a research note. The French construction and infrastructure company reported a strong set of full-year results and expects a further increase in revenue and earnings, excluding the impact of higher corporate tax rates in France. A positive share-price reaction to this, as well as the improving French political backdrop from the now likely approval of the French budget, was expected by the analysts, JPM says. Shares trade 2.6% higher at 110 euros. (nina.kienle@wsj.com)

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February 07, 2025 07:46 ET (12:46 GMT)

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