IAG: Barclays still a buyer, raises target price

(CercleFinance.com) - Barclays confirms its "overweight" rating on IAG (International Airlines Group) shares, while raising its target price for them from £2.
30 to £2.50, on slightly higher estimates for the Anglo-Spanish airline.

"IAG reported strong 3Q trading with a broadly confident outlook, albeit blurred by macro and geopolitical concerns," the broker underlines.

Barclays says that IAG's CMD, which is scheduled for 21 November "should offer a should offer a rather simple story: fix BA and hold the high performance of the Spanish companies" in the group.


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