Lufthansa: Mainfirst is cautious - says steer clear
(CercleFinance.com) - Lufthansa's quarterly results are in line with expectations, with EBIT (-1.
26 billion euros) and cash flow (-2.1 billion euros) declining, Mainfirst says.
However, Mainfirst remains cautious, judging that the negative winter traffic dynamics and the continuing decline in business/long-haul travel in Europe are putting pressure on prices and could affect the company.
Dans ces conditions, Mainfirst maintient sa recommandation de " vente " sur le titre, avec un objectif de cours de 2 euros.
Under these conditions, Mainfirst maintains its "sell" rating on the stock, with a target price of 2 euros. Note that the share price has lost about half its value YTD.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
26 billion euros) and cash flow (-2.1 billion euros) declining, Mainfirst says.
However, Mainfirst remains cautious, judging that the negative winter traffic dynamics and the continuing decline in business/long-haul travel in Europe are putting pressure on prices and could affect the company.
Dans ces conditions, Mainfirst maintient sa recommandation de " vente " sur le titre, avec un objectif de cours de 2 euros.
Under these conditions, Mainfirst maintains its "sell" rating on the stock, with a target price of 2 euros. Note that the share price has lost about half its value YTD.
Copyright (c) 2020 CercleFinance.com. All rights reserved.