Ryanair: Deutsche Bank upgrades to 'buy'
(CercleFinance.com) - Deutsche Bank has upgraded its rating on the Irish low cost airline Ryanair, now recommending investors buy the share, from a previous "hold" rating.
The broker has also raised its target price for the share from 13.5 euros to 16.5 euros.
Analysts are taking a more constructive view of the outlook for air transport in 2020. Admittedly, the business cycle remains closer to its end, rather than its beginning, although there is nothing to predict a recession next year.
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