Ryanair: Stifel lowers target price
(CercleFinance.com) - Stifel has confirmed its 'buy' recommendation on Ryanair shares, but has lowered its target price for them from E24 to E18, acknowledging a difficult short-term business environment and recommending longer-term positions.
After net profit that was 33% below expectations in Q1, and with a lacklustre outlook for returns this summer, the broker has reduced its full-year estimate by 38% to E1.52bn.
"By capitalising on cost leadership, the company is able to grow market share by stimulating demand The price for this long-term gain is yield and profit pressure in the short term", Stifel says.
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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 a decision-making aid 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.
After net profit that was 33% below expectations in Q1, and with a lacklustre outlook for returns this summer, the broker has reduced its full-year estimate by 38% to E1.52bn.
"By capitalising on cost leadership, the company is able to grow market share by stimulating demand The price for this long-term gain is yield and profit pressure in the short term", Stifel says.
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 a decision-making aid 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.