easyJet: Liberum adopts 'hold' rating

(CercleFinance.com) - Liberum has adopted a "hold" rating on the easyJet share, with a target price of 600 pence, having previously having the share "under review," noting that the British low-cost airline is surviving, although is struggling to succeed.


"easyJet has been able to reinforce its balance sheet and cut cash burn to a manageable level. However, it faces short-term headwinds from erratic government policies on international air travel," the broker points out.

Liberum also sees "the prospect of airline failures and withdrawals at key easyJet airports freeing slots for new competitors, potentially undermining a key part of the airline's strategy".


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