Lufthansa: UBS still a seller, but raises TP
(CercleFinance.com) - UBS maintains its sell rating on Lufthansa shares, even though it has nudged up its target price from 5 euros to 5.
45 euros, which suggests downside potential of 53% for the German airline's share.
In its comments, the broker explains "We upgrade forecasts and PT to reflect the recent results and feedback," but warns that "Covid-19 continues to be a drag on near-term forecasts despite restructuring progress".
The market agrees - the share is currently down 3% at 11.2 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.
45 euros, which suggests downside potential of 53% for the German airline's share.
In its comments, the broker explains "We upgrade forecasts and PT to reflect the recent results and feedback," but warns that "Covid-19 continues to be a drag on near-term forecasts despite restructuring progress".
The market agrees - the share is currently down 3% at 11.2 euros.
Copyright (c) 2021 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.