J.P. Morgan puts Fraport and Getlink on positive catalyst watch ahead of Q4

Fraport Frankfurt Airport Services Worldwide AG

26/01/2026 07:30

** J.P. Morgan puts Fraport FRAG.DE ("overweight") and Getlink GETP.PA ("neutral") on positive catalyst watch in European infrastructure sector ahead of Q4

** For Fraport, the broker expects to reassurance on free cash flow (FCF), provide a bullish 2026 guidance, clearer capex and  potential longer term dividend policy

** JPM expects Getlink to offer positive commentary and improved medium‑term visibility on dividends, ElecLink, developments in railway network at the investor day

** The brokerage cuts Zurich Airport FHZN.S to "neutral" from "overweight", citing higher capex expectations, weighing on FCF and remarks on tariffs

** "Elsewhere, we don't see FY25 results as a major catalyst," the broker says

** Ferrovial FERF.AS ("overweight") remains broker's preferred infrastructure name, as it expects positive catalysts later in the year

 (Reporting by Amir Orusov)

 ((Amir.orusov@thomsonreuters.com))