Turkish Airport Operator TAV Tipped to Outperform with 40% Surge

A tourism boom will send shares in Turkish airport operator TAV Havalimanlari surging more than 40% over the coming year, analysts predict, outperforming all other Istanbul-listed stocks.

The average share price target of 13 analysts is 159.28 liras ($5.89), data compiled by Bloomberg show. That’s 43% above the current 111.70 lira level, and the biggest potential return among other constituents of Turkey’s benchmark Borsa Istanbul 100 Index.