Barclays has raised its recommendation on Getlink from 'weighted in line' to 'overweight', with a target price raised from €15 to €20, considering that the Channel Tunnel operator's shares 'offer attractive prospects for recovery'.

The cycle of negative earnings revisions could soon come to an end", believes the broker, who points to a certain recovery in traffic and the value of key options (more high-speed service and a second ElecLink).

In its summary note, Barclays also mentions other elements of "upside risk" for the transport infrastructure group's stock, "stemming from an earlier recovery and lower interest rates".

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