Ryanair: Deutsche Bank upgrades to 'buy'
(CercleFinance.com) - Deutsche Bank has upgraded its rating on the Irish low cost airline Ryanair, now recommending investors buy the share, from a previous "hold" rating.
The broker has also raised its target price for the share from 13.5 euros to 16.5 euros.
Analysts are taking a more constructive view of the outlook for air transport in 2020. Admittedly, the business cycle remains closer to its end, rather than its beginning, although there is nothing to predict a recession next year.
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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.
The broker has also raised its target price for the share from 13.5 euros to 16.5 euros.
Analysts are taking a more constructive view of the outlook for air transport in 2020. Admittedly, the business cycle remains closer to its end, rather than its beginning, although there is nothing to predict a recession next year.
Copyright (c) 2019 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.