IAG: UBS raises target price
(CercleFinance.com) - UBS underlines IAG's continued strong operating performance.
Operating profit for the holding company for the airlines Aer Lingus, British Airways, Iberia, Level and Vueling rose by 15.4% to E2.01bn, exceeding the consensus of E1.8 billion.
The broker maintains its neutral rating on the stock, although raises its target price for it to 280 pence (from 210 pence) - a new TP that implies 17% upside potential for the Anglo-Spanish airline's shares.
After 9 solid months, UBS analysts increase their 24e/25e EPS by 11% and 29% respectively.
The group, whose revenues rose by 7.9% to E9.33bn in Q3, added that it expected 'solid financial performance' by the end of the year.
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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.
Operating profit for the holding company for the airlines Aer Lingus, British Airways, Iberia, Level and Vueling rose by 15.4% to E2.01bn, exceeding the consensus of E1.8 billion.
The broker maintains its neutral rating on the stock, although raises its target price for it to 280 pence (from 210 pence) - a new TP that implies 17% upside potential for the Anglo-Spanish airline's shares.
After 9 solid months, UBS analysts increase their 24e/25e EPS by 11% and 29% respectively.
The group, whose revenues rose by 7.9% to E9.33bn in Q3, added that it expected 'solid financial performance' by the end of the year.
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.