Lufthansa: Oddo raises target price

(CercleFinance.com) - Oddo maintains its Outperform rating on Lufthansa shares, while raising its target price for them to E12.
5 (from E10.5).

The analyst notes that there is no sign of yields slowing down, before pointing out that deleveraging is continuing... The company is now in the process of deleveraging and paving the way for a normalisation of its dividend.

In the end, Oddo has raised its EPS estimates by 10.8%/6.6%/4.8% for 2023/24/25 respectively.


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