EasyJet: UBS raises target price

(CercleFinance.com) - UBS reiterates its 'buy' recommendation on easyJet shares, raising its target price for them from 820 pence to 850 pence, with its new TP representing 52% upside potential for the British low-cost airline's shares.


Despite the recent increase in kerosene prices, we see the trading update due on 18 April as a likely powerful catalyst for the share price and earnings outlook, it says, which still sees upside potential in 2024 earnings.


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