Lufthansa: penalized by a broker downgrade

(CercleFinance.com) - Lufthansa is down more than 2% in Frankfurt, penalized by a downgrade by Barclays from 'overweight' to 'weighted in line', with a price target reduced from 12.
50 to 8.50 euros, while it remains 'overweight' on its peers Air France-KLM and IAG.

Unstable labor relations are pushing up wages and limiting productivity", says the broker of the German airline, adding in its sector note that "strategic progress is also being disrupted".

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