Lufthansa: shares take off on UBS upgrade
(CercleFinance.com) - Shares in German airline group Lufthansa are up 1.
5% at 26.2 euros today after UBS upgraded the stock from "neutral" to "buy," while trimming its target price from 31.7 euros to 31 euros.
The broker says it sees an "attractive entry level with potential earnings upside."
"We upgrade Lufthansa given the recent share price fall and support for a positive outlook," UBS explains.
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