Air France-KLM: stock up, with positive analyst comments
(CercleFinance.com) - The Air France-KLM share is up 2.
2% today, following positive remarks from Oddo BHF, which reiterates its “buy” rating on the stock, while raising its corresponding target price from 9.5 euros to 10.3 euros, which suggests upside potential of 23%.
In its research note, the broker's analyst underlines that the Franco-Dutch airline continues to benefit from a buoyant environment, with solid demand, making reassuring comments on the control of unit costs.
The broker believes that the stock has limited downside potential in a worse-case scenario, while the impact of the arrival of a new CEO offers significant upside potential.
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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.
2% today, following positive remarks from Oddo BHF, which reiterates its “buy” rating on the stock, while raising its corresponding target price from 9.5 euros to 10.3 euros, which suggests upside potential of 23%.
In its research note, the broker's analyst underlines that the Franco-Dutch airline continues to benefit from a buoyant environment, with solid demand, making reassuring comments on the control of unit costs.
The broker believes that the stock has limited downside potential in a worse-case scenario, while the impact of the arrival of a new CEO offers significant upside potential.
Copyright (c) 2018 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.