Lufthansa: Oddo raises target price.
(CercleFinance.com) - In a report issued this Friday morning, Oddo has raised its target price on Lufthansa to 26.
5 euros.
The broker also maintains its buy rating on the stock.
Hailing labour disputes that have now calmed, the broker believes that the insolvency of Air Berlin, which has been abandoned by its main shareholder Etihad, will have “favourable consequences regardless of the choice of the buyer."
Indeed, the group's pricing policy should be more rational.
Oddo also estimates the cost of the activities that Lufthansa wants to take over at slightly over 100 million euros.
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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.
5 euros.
The broker also maintains its buy rating on the stock.
Hailing labour disputes that have now calmed, the broker believes that the insolvency of Air Berlin, which has been abandoned by its main shareholder Etihad, will have “favourable consequences regardless of the choice of the buyer."
Indeed, the group's pricing policy should be more rational.
Oddo also estimates the cost of the activities that Lufthansa wants to take over at slightly over 100 million euros.
Copyright (c) 2017 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.