** J.P.Morgan initiates Eurotunnel transport company Getlink
GETP.PA with "overweight" on strong green growth fundamentals, flexible pricing power and multiple strategic shareholders
** "We think near-term uncertainties are now largely factored into expectations," the broker says
** JPM's base-case price target is EUR 19, but it says that in a realistic bull case scenario, it rises to EUR 22, which represents 40% upside to Tuesday's closing price
** The broker notes Getlink has a number of strategic shareholders, given the long duration of the Eurotunnel concession
** Getlink has 93% of its revenues aligned with the EU Taxonomy, compared to 20-25% for tollroads and 1-4% for airports, the broker adds on the group's green growth potential
** Out of 15 analysts that cover Getlink, six rate the stock "strong buy"/"buy", eight "hold" and one "sell"
** The shares are up 1.9% in morning trade
(1 euro = $1.0881)
(Reporting by Nathan Vifflin)
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