On Monday, Barclays lowered its target price for Getlink from €18 to €16, with its recommendation maintained at 'weight in line'.

In a study devoted today to the European infrastructure sector, the financial intermediary points out that the Channel Tunnel operator's traffic recovery was not confirmed at the end of last year.

On a sequential basis, the number of truck and passenger vehicle shuttles even weakened in the fourth quarter compared with the third, he points out, with figures still below those prevailing before the Brexit and the pandemic.

From our point of view, Getlink continues to display attractive characteristics over the long term, but its exposure to freight and energy rates makes it a less attractive stock than others in the short term within the infrastructure market", summarizes the analyst.

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