easyJet: Credit Suisse raises target price
(CercleFinance.com) - The broker has increased its target price for the share by 16% to 1,200 p (from 1,032 p) and has confirmed its Outperform rating on the stock.
"Sector laggard with the greatest potential to improve investor perception: it continues to lag the sector in value recovery considering both its market cap and EV," Credit Suisse says
"We reflect this and raise 2023E-2024E PBT by 5-6%. Our analysis of EZJ's valn relative to the rest of the sector, and new analysis of competitive positioning drives a 16% uplift to our target price to 1,200p and we re-iterate OP".
Copyright (c) 2021 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.
"Sector laggard with the greatest potential to improve investor perception: it continues to lag the sector in value recovery considering both its market cap and EV," Credit Suisse says
"We reflect this and raise 2023E-2024E PBT by 5-6%. Our analysis of EZJ's valn relative to the rest of the sector, and new analysis of competitive positioning drives a 16% uplift to our target price to 1,200p and we re-iterate OP".
Copyright (c) 2021 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.