Ryanair: Oddo remains on 'Buy' but lowers target
(CercleFinance.com) - After Ryanair published its “above consensus” results for the first quarter, this morning Oddo announces that it maintains its 'Buy' recommendation for the stock, albeit adjusting its target price from 20 to 19 euros.
“We think that the next catalyst for the share will be the conclusion of negotiations and the signature of agreements with all the trade unions”.
“From the next financial year, we believe that Ryanair will benefit from the acceleration of consolidation of the sector in Europe and will be able to compensate the inflation in staffing costs”, predicts Oddo.
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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 think that the next catalyst for the share will be the conclusion of negotiations and the signature of agreements with all the trade unions”.
“From the next financial year, we believe that Ryanair will benefit from the acceleration of consolidation of the sector in Europe and will be able to compensate the inflation in staffing costs”, predicts Oddo.
Copyright (c) 2018 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.