![Actualite financiere : Actualite bourse](/img/photos/photo//855472000_47.jpg)
Air France-KLM: Stifel lowers target price
(CercleFinance.com) - Stifel maintains its 'buy' recommendation on Air France-KLM shares, but lowers its target price for them from E18 to E13, after reducing its 2024 EBIT estimates by 14%.
The company has warned that the Olympic Games will be a (net) headwind, with an unforeseen negative impact of E160m to E180m spread over Q2 and Q3, the broker notes.
According to Stifel, this pre-announcement by Air France-KLM suggests broadly unchanged underlying unit cost and revenue trends. It estimates Q2 EBIT at E490m, down 33% y-o-y.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The company has warned that the Olympic Games will be a (net) headwind, with an unforeseen negative impact of E160m to E180m spread over Q2 and Q3, the broker notes.
According to Stifel, this pre-announcement by Air France-KLM suggests broadly unchanged underlying unit cost and revenue trends. It estimates Q2 EBIT at E490m, down 33% y-o-y.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.