Flughafen Zurich gets second upgrade this week as Goldman lifts to buy

Flughafen Zuerich AG

21/05/2026 09:08

** Goldman Sachs lifts Flughafen Zurich FHZN.S to "buy" from "neutral", the second broker this week to upgrade the Swiss airport operator following a double-digit decline this year

** The US bank sees attractive medium-term growth prospects and expects the stock to outperform its European peers, supported by the development of the Zurich metropolitan area into a leading innovation and technology hub

** It also points to the newly opened airport in Noida near Delhi as a source of strong medium-term growth, despite near-term risks from the Middle East conflict

** Goldman adds the company has a relative safe-haven appeal due to its position as a natural monopoly

** Exane BNP Paribas upgraded Flughafen Zurich to "outperform" on Wednesday

** Flughafen Zurich rises for a second day, up 1.4%, trimming its year-to-date decline to below 10%

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))