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Bankinter lowers target price for Técnicas Reunidas due to Middle East tensions but maintains ‘Buy’ rating

The Corner Bankinter analysis Técnicas Reunidas has reported positive H1 2026 results: Order Book €13,938m (up 7% year-on-year); Revenue €3,061m (up 12%); Underlying EBIT (excluding the provision of -€45m) €149m (up 24%); The EBIT margin stands at 4.4 per cent; net profit after tax €59 million; net cash flow: €344 million against €422 million in Q2 2025. In Q1 2026, the company made a provision…

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