Lufthansa: Barclays still 'underweight' on shares
(CercleFinance.com) - Barclays raises its target price from 17.
2 euros to 18.7 euros on Lufthansa, but maintains its "underweight" rating on the share after a "tough start to 2019."
According to the broker, it has become clear that the airline is facing a "particularly tough trading environment" in Europe following the bankruptcy of Air Berlin, with increased pressure from low-cost airlines in Germany.
However, long haul markets are helping the group to partly offset this pressure, Barclays noted - first-quarter will be tough, while second-quarter is likely to remain challenging, it warned.
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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.
2 euros to 18.7 euros on Lufthansa, but maintains its "underweight" rating on the share after a "tough start to 2019."
According to the broker, it has become clear that the airline is facing a "particularly tough trading environment" in Europe following the bankruptcy of Air Berlin, with increased pressure from low-cost airlines in Germany.
However, long haul markets are helping the group to partly offset this pressure, Barclays noted - first-quarter will be tough, while second-quarter is likely to remain challenging, it warned.
Copyright (c) 2019 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.