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Air Partner: Liberum maintains 'buy' rating

(CercleFinance.com) - Liberum reinstates its "buy" recommendation on the Air Partner share, along with its target price of 115 pence, after the air transport broker's trading update for H1, which was "slightly better than anticipated".

"Management now expects the current year's performance to be evenly weighted between H1 and H2, rather than the H2," the broker notes, while maintaining its forecasts given difficult macro conditions for the sector.

In addition, trading at 8.8x expected EPS for 2020 and a dividend yield of 7.4%, the broker considers the valuation of the British group as "compellingly attractive".

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