Lufthansa: UBS still a buyer, but cuts target price
(CercleFinance.com) - UBS has confirmed its "buy" rating on the Lufthansa stock, although has cut its target price from 31 euros to 28.
5 euros, which still represents upside potential of 51%, after the German airline's quarterly results.
The broker said that while it has maintained its forecasts for 2018, it believes that the market is increasingly concerned about Lufthansa's ability to achieve yield growth in 2019.
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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, which still represents upside potential of 51%, after the German airline's quarterly results.
The broker said that while it has maintained its forecasts for 2018, it believes that the market is increasingly concerned about Lufthansa's ability to achieve yield growth in 2019.
Copyright (c) 2018 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.