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Erste cuts down target price for shares of Romanian water transport company TTS

June 19, 2024

The analysts of the financial group Erste revised downwards the target price for the shares of Romanian water transport company Transport Trade Services (TTS), citing a faster-than-expected decline in the Ukrainian grain business, on river transport, but mostly in the Constanta port.

The recommendation remains Accumulate.

The new target price is RON 28.06, versus RON 25, the market price as of the date of the report (June 14), down from RON 30.4 target price set as of March 22 when...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/erste-tts-shares-jun-2024
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