Jefferies Elevates Fraport to Buy, Calls It Top European Airport Pick for 2026
Jefferies upgraded Fraport AG from 'hold' to 'buy' and designated the airport operator as its preferred European airport stock for 2026, citing a transition to lower capital expenditure, improving free cash flow estimates and a more stable regulatory outlook. The brokerage set a €100 price target and highlighted near-completion major projects, a mu…