Air France-KLM: UBS still a buyer

(CercleFinance.com) - UBS confirms its 'buy' recommendation on Air France-KLM shares, as well as its target price of E12.
75, which represents 50% upside potential for the Franco-Dutch airline's shares.

Although the group has not yet quantified the potential impact of the proposed increase in French taxes, we believe that the proposals will have an impact on the outlook for its network and its tax base, the broker says, however.


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