IAG: UBS raises target price.
(CercleFinance.com) - On Friday UBS increased its target price on the International Airlines Group share from 575 pence to 630 pence, maintaining its "buy" rating on the stock.
The brokerage firm thinks that the owner of British Airways is on track for a good summer despite the IT issues the company has faced, citing "one of the strongest airline teams in Europe as evidenced by past financial performance."
UBS also insists on the group's past delivery relating to cost control, the share's attractive valuation and evidence suggesting that the summer of 2017 should see "positive momentum."
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The brokerage firm thinks that the owner of British Airways is on track for a good summer despite the IT issues the company has faced, citing "one of the strongest airline teams in Europe as evidenced by past financial performance."
UBS also insists on the group's past delivery relating to cost control, the share's attractive valuation and evidence suggesting that the summer of 2017 should see "positive momentum."
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.