Deutsche Bank cuts Ferrovial target to EUR 48.50 for Ferrovial stock

Published on 10/21/2026 at 10:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Bank moved Ferrovial to Hold from Buy on October 20, 2026. Ferrovial stock costs EUR 44.20 on October 21, 2026, 8.87 percent below target.

The analyst view and project pipeline

Deutsche Bank changed Ferrovial's rating from Buy to Hold on October 20, 2026, with a EUR 48.50 target.
Ferrovial's I-285 project in Georgia carries a USD 8.9 billion value and was announced on October 15, 2026.
Ferrovial stock traded at EUR 44.20 at 10:20 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Ferrovial stock traded at EUR 44.20 at Lang & Schwarz on October 21, 2026, at 10:20 a.m. CEST. Deutsche Bank downgraded Ferrovial from Buy to Hold on October 20, 2026, and set a EUR 48.50 price target, according to Markets Insider.

Deutsche Bank turns more cautious

The rating change puts Ferrovial's current euro quote 8.87 percent below the bank's target, calculated from EUR 44.20 and EUR 48.50. The source names the new target but does not provide an earlier Deutsche Bank target in the report.

The broader analyst picture is mixed. The same Markets Insider report lists Bank of America lowering its target to EUR 60.00 from EUR 67.00, while Morgan Stanley cut its target to EUR 65.00 from EUR 72.00. Those changes keep the debate centered on valuation and project execution.

Three dated steps behind the rating

On September 30, 2026, Ferrovial completed the commercial close of the I-24 Choice Lanes project in Tennessee, a 50-year concession with a USD 9.2 billion construction cost, according to StockTitan. On October 15, 2026, a Ferrovial-led consortium was selected for Georgia's I-285 East Express Lanes project, valued at USD 8.9 billion, according to MarketScreener. On October 20, 2026, Deutsche Bank changed its rating to Hold and set the EUR 48.50 target.

What does the target imply?

The EUR 48.50 target stands 9.73 percent above the Lang & Schwarz quote. Ferrovial's project pipeline offers scale, but the I-24 filing also sets out a long construction period, with first service estimated for 2034 and full service for 2035.

Results dates are next

Ferrovial will release its third-quarter 2026 operating results on October 27, 2026, after the U.S. market close, and management will hold its results call on October 28, 2026, at 3:00 p.m. CET, according to the company's filing with CNMV.

Stock quote and investor frame

Ferrovial designs, builds, finances, operates and maintains transport infrastructure and urban services. The company is listed on Euronext Amsterdam, the Spanish stock exchanges and Nasdaq, and belongs to Spain's IBEX 35 index. At Lang & Schwarz, Ferrovial stock stood at EUR 44.20 on October 21, 2026 at 10:20 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Ferrovial stock.