IAG: Credit Suisse cuts target price
(CercleFinance.com) - Credit Suisse reinstates its 'outperform' rating on IAG shares, while reducing its target price for them from 256p to 195p to reflect what it sees as the growing risk of a capital increase by the Anglo-Spanish airline (British Airways and Iberia).
The broker recognises that until the transatlantic market reopens unhindered, IAG will remain a difficult case, but continues to see it as "one of the best ways to play ultimate air travel recovery across the value chain".
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