ADP share falls below €104.30 following Intesa Sanpaolo's target price cut
Aéroports de Paris extends its decline in a weakening SBF 120 index, following a fresh target adjustment by a brokerage firm. The stock has broken through a technical support level monitored for several weeks and remains below all of its moving average benchmarks.
Support level of €104.30 breached during the session, gap widens with moving averages
The ADP share declines 2.66% to €102.40, placing it among the largest fallers in the SBF 120, while the index retreats 0.77%. The stock broke through its €104.30 support level during the session and remains below it, with its latest price at €102.20. This breach weighs on an already deteriorated technical setup: the price is 5.50% below the 20-day moving average and 7.29% below the 200-day moving average.
Over one month, the security loses 5.36%, and over three months 11.65%. Market conditions remain tense on the rates front, with a 10-year OAT at 4.83% and a spread with the Bund of 1.34 points, in a session where the CAC 40 declines 0.73%.
Intesa Sanpaolo cuts its target from €117 to €108 and maintains neutral rating
Intesa Sanpaolo lowered its price target on Aéroports de Paris yesterday, from €117 to €108, while maintaining its neutral rating. This new target implies approximately 5.5% upside potential from current levels. On the activity front, ACI Europe data published on September 30 shows traffic down 1.1% at Paris-CDG in August, while traffic at European airports grew 3.1% over the same period.
The group's foreign concessions demonstrate stronger momentum, with +34.8% at Skopje and +13.3% at Ankara. The group published its first-half 2026 results on July 29, 2026, and the €104.30 level is now the threshold the stock must recapture.
