Ryanair: Credit Suisse still a buyer.
(CercleFinance.com) - This morning Credit Suisse has confirmed its favorable stance towards the Ryanair Holdings share, the low-cost Irish airline, with the Paris-Le Bourget Air Show in full swing.
As such, the broker has confirmed its "outperform" rating, along with a (very specific) target price of 21.92 euros.
Ryanair has just completed the order of ten additional Boeing 737 Max 'Gamechanger' aircraft, bringing its firm orders with the US plane maker to 110, with 100 additional options. "On Ryanair's recent FY17 conference call, management made clear that it would take the opportunity to order additional planes if attractive deals were forthcoming," said Credit Suisse.
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.
As such, the broker has confirmed its "outperform" rating, along with a (very specific) target price of 21.92 euros.
Ryanair has just completed the order of ten additional Boeing 737 Max 'Gamechanger' aircraft, bringing its firm orders with the US plane maker to 110, with 100 additional options. "On Ryanair's recent FY17 conference call, management made clear that it would take the opportunity to order additional planes if attractive deals were forthcoming," said Credit Suisse.
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.