Ryanair: stock falls after UBS downgrade
(CercleFinance.com) - Ryanair shares are down over 3% after UBS downgraded its rating on Europe's largest budget airline, from "buy" to "neutral".
UBS also trimmed its target price for the stock from 14.85 euros to 14.7 euros.
The share is significantly underperforming the STOXX Europe 600 Travel & Leisure index, which is currently down 0.6%.
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