Ryanair: UBS downgrades 'buy' rating.
(CercleFinance.com) - While upping its target price from 16 euros to 18.
85 euros, UBS has downgraded its rating on Ryanair from "buy" to "neutral", judging the stock's risk-return ratio as more balanced after the stock's y-t-d rise of about 25%.
The broker continues to perceive the low-cost Irish company as the "best of class" amongst short-haul carrier in Europe, placing particular emphasis on its cost leadership and the group's ability to take market share.
UBS has also underlined, "a fleet order in place to sustain growth, innovation with Ryanair Labs delivering, strong and stable management team, its ability to grow traffic and earnings as well as deliver FCF to shareholders."
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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.
85 euros, UBS has downgraded its rating on Ryanair from "buy" to "neutral", judging the stock's risk-return ratio as more balanced after the stock's y-t-d rise of about 25%.
The broker continues to perceive the low-cost Irish company as the "best of class" amongst short-haul carrier in Europe, placing particular emphasis on its cost leadership and the group's ability to take market share.
UBS has also underlined, "a fleet order in place to sustain growth, innovation with Ryanair Labs delivering, strong and stable management team, its ability to grow traffic and earnings as well as deliver FCF to shareholders."
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.