UBS ups Getlink to 'buy' on higher profit prospects, shares rise
** UBS upgrades Channel Tunnel operator Getlink GETP.PA to "buy" from "neutral" on growing profit opportunities through market share gains and rail market expansion
** It expects Getlink to gain market share in the Truck Shuttle category from Q4, along with potential growth in short and medium term passenger train traffic
** It sees a more favourable short term environment for Getlink, with a potential Labour government easing EU-UK trade and an expected price hike from the adoption of the French law against social dumping in cross-Channel transport
** It also points to "meaningful London-Amsterdam route capacity increases, potential destination expansion and mid-term new entrant potential on the London-Paris route"
** The stock is up around 2% at 0838 GMT
Reporting by Alban Kacher
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