Ryanair: stock falls after UBS downgrade

(CercleFinance.com) - Ryanair shares are down over 3% after UBS downgraded its rating on Europe's largest budget airline, from "buy" to "neutral".


UBS also trimmed its target price for the stock from 14.85 euros to 14.7 euros.

The share is significantly underperforming the STOXX Europe 600 Travel & Leisure index, which is currently down 0.6%.

Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.