Refile: BUZZ-Deutsche Bank cuts Ferrovial to 'hold' on rising bond yields
REFILE-BUZZ-Deutsche Bank cuts Ferrovial to 'hold' on rising bond yields Refiles to fix a type in word "seven" in the last bullet
** Deutsche Bank downgrades Spain's infrastructure operator Ferrovial FER.MC to "hold" from "buy," noting the firm is "yielding to higher yields" as bond rates rise
** It notes that while near-term yield fluctuations may stem from volatile oil prices, longer durations reflect underlying fiscal pressures that will take time to ease
** The broker also lowers its target price by 17% to €48.5
** "Ferrovial remains a cash-generative infrastructure operator with strong pricing power, but valuations are sensitive to yields," it adds
** Out of 22 analysts that cover Ferrovial, seven rate the stock "strong buy" or "buy," 13 "hold" and two rate the stock "strong sell" or "sell" -- LSEG data
(Reporting by Marta Serafinko in Gdansk)
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