MWB Research Cuts Fraport Price Target Amid Expected 'Sharp' Fall in FY26 Earnings

02:53 AM EST, 12/16/2025 (MT Newswires) -- Fraport's (FRA.F) warning of a "sharp" decline in profit for 2026 prompted mwb research to reduce its price target to 62 euros from 64 euros on Monday, while reiterating the Frankfurt airport operator's sell rating. In a Dec. 12 release, the company announced that it will resume dividend payments and warned that 2026 group results will "decline significantly at first," citing depreciation and higher interest costs. Analysts said Fraport's reinstatement of dividends for the first time since 2019 indicates the company's confidence in its operational recovery, while the group's cost outlook presents a "material near-term pressure" on its results. "Despite the encouraging news of a resumed dividend for FY25 and the reduction in aviation taxes, the higher-than-expected cost headwinds necessitate a downward revision to our financial model," analysts wrote. "Furthermore, we maintain a cautious view on the long-term required capacity at Frankfurt, given the slower-than-peers passenger recovery and structural competition."