Lufthansa: UBS upgrades stock
(CercleFinance.com) - UBS has upgraded its rating on Lufthansa shares from "sell" to "neutral", having increased its target price for them from 4.
9 euros to 7.05 euros, with the latter suggesting upside potential of 6% for the German airline's share.
The broker explains that it has improved its stance towards the group "given start of re-opening of key long haul routes, progress on cost cutting and improved balance sheet outlook".
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