Air France: stock down, as broker cuts TP
(CercleFinance.com) - Air France shares closed down nearly 1% in Paris yesterday after UBS lowered its target price for them to E12.
05 (from E18), while confirming its buy ratingon them.
Note that this target price still represents 44% upside potential.
Although earnings pressure is on the downside, analysts believe that this is largely reflected in the share's price.
The group reported net income of E165m for Q2 2024, down E447m, with an operating margin falling 3.1 points to 6.5%, despite sales rising 4.3% to E7.95bn.
Benjamin Smith, CEO of Air France, remains confident in the group's ability to achieve its medium- and long-term targets.
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.
05 (from E18), while confirming its buy ratingon them.
Note that this target price still represents 44% upside potential.
Although earnings pressure is on the downside, analysts believe that this is largely reflected in the share's price.
The group reported net income of E165m for Q2 2024, down E447m, with an operating margin falling 3.1 points to 6.5%, despite sales rising 4.3% to E7.95bn.
Benjamin Smith, CEO of Air France, remains confident in the group's ability to achieve its medium- and long-term targets.
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.