ACS: Jefferies upgrades the rating and the target price is doubled!

ACS positions itself as an integrated developer and operator of "next-generation" infrastructure. At the core of its business model is the ability to encompass the entire value chain, ranging from planning and financing to construction and long-term operation and maintenance. This strategy aims to smooth the volatility of pure construction business through stable, recurring cash flows from concessions and services. The group has simplified its structure and focuses on North America (notably through its subsidiary Turner), the Asia-Pacific region...