easyJet: Liberum raises target price
(CercleFinance.com) - On Tuesday Liberum raised its target price for easyJet shares to 500p (from 430p), maintains its buy rating on the stock.
In a study of airlines, the broker points out that the sector is still in the early stages of its post-Covid recovery, with capacity growth, fuel prices stabilising and a promising booking outlook.
The analyst says that easyJet has the most attractive risk/reward profile at the moment, due to its undervalued potential for fleet redeployment, seasonal pilot contracts and its offering in holiday destinations.
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