easyJet: Liberum cuts target price
(CercleFinance.com) - With the airline easyJet, which cites "Uncertainty over Brexit and poor macro data across core European markets," having reported a more cautious outlook for H2, this morning a Liberum analyst announced that he is reducing his target price for the share from 1350 pence to 1100 pence.
"We see the balance of risks remaining to the downside, with the chance that the Brexit political deadlock could continue beyond the next few weeks. We are also concerned that this has drawn attention away from softer economic conditions across Europe, which management does not appear to be reacting to," Liberum laments.
The broker hence confirms its "hold" rating on the share.
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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.
"We see the balance of risks remaining to the downside, with the chance that the Brexit political deadlock could continue beyond the next few weeks. We are also concerned that this has drawn attention away from softer economic conditions across Europe, which management does not appear to be reacting to," Liberum laments.
The broker hence confirms its "hold" rating on the share.
Copyright (c) 2019 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.