easyJet: UBS maintains 'buy,' ups price target.
(CercleFinance.com) - UBS on Friday maintained its "buy" rating on easyJet and raised its target price for the stock from 1,465 pence to 1,545 pence, saying the airline is "better positioned" for the year ahead.
The broker points out that easyJet, like peer Wizz Air, has managed to improve its overall customer ratings since the end of August.
"We think the company has demonstrated it has turned the earnings momentum corner with the 2017 results," UBS writes in a report sent to clients.
Pointing out that easyJet is now guiding for pricing which will be positive in the first half of its 2018 fiscal year, the broker says it has has however reduced its forecasts to reflect the acquisition of part of Air Berlin.
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 broker points out that easyJet, like peer Wizz Air, has managed to improve its overall customer ratings since the end of August.
"We think the company has demonstrated it has turned the earnings momentum corner with the 2017 results," UBS writes in a report sent to clients.
Pointing out that easyJet is now guiding for pricing which will be positive in the first half of its 2018 fiscal year, the broker says it has has however reduced its forecasts to reflect the acquisition of part of Air Berlin.
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.