Lufthansa: shares drop after broker downgrade
(CercleFinance.com) - German airline Lufthansa shares dropped 0.
2% on Tuesday after Credit Suisse downgraded the shares from "outperform" to "neutral".
In a note dedicated to European airlines, the brokerage firm cited a "likely wait" for investment recovery due to pressure on the company's earnings and cash flow.
By 4 pm Lufthansa shares were down 0.2% at 15.2 euros, underperforming a 1.7% higher Frankfurt blue chip index.
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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% on Tuesday after Credit Suisse downgraded the shares from "outperform" to "neutral".
In a note dedicated to European airlines, the brokerage firm cited a "likely wait" for investment recovery due to pressure on the company's earnings and cash flow.
By 4 pm Lufthansa shares were down 0.2% at 15.2 euros, underperforming a 1.7% higher Frankfurt blue chip index.
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.