easyJet: Credit Suisse raises target price

(CercleFinance.com) - The broker has increased its target price for the share by 16% to 1,200 p (from 1,032 p) and has confirmed its Outperform rating on the stock.


"Sector laggard with the greatest potential to improve investor perception: it continues to lag the sector in value recovery considering both its market cap and EV," Credit Suisse says

"We reflect this and raise 2023E-2024E PBT by 5-6%. Our analysis of EZJ's valn relative to the rest of the sector, and new analysis of competitive positioning drives a 16% uplift to our target price to 1,200p and we re-iterate OP".


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