IAG: broker upgrades to 'buy' - shares rise

(CercleFinance.com) - Shares in International Airlines Group rose on Monday as a broker upgrade highlighted the appeal of an "attractive entry point" for the stock.


UBS upgraded IAG from "neutral" to "buy," with a target price of 705 pence, saying that the shares are trading on depressed multiples, with an attractive dividend yield and earnings profile.

In mid-morning trading, IAG shares, which have fallen 14% over the past year, are up 0.9% at 540.4 pence.

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