IAG: Oddo BHF upgrades stock
(CercleFinance.com) - Oddo BHF has upgraded its rating on IAG (International Airlines Group) from "neutral" to "buy," with a target price of 7.
3 euros (upside of 21%), with the broker also making the share of the parent company of British Airways and Iberia its top pick in the sector.
In its opinion, this is the share that will benefit the most from the rationality of supply (towards transatlantic) and offers the most attractive valuation, the analyst says in a report on the air transport sector.
More broadly, Oddo BHF adopts a more optimistic tone on the winter thanks to growth in offer that is tangibly less sustained than in previous years, which serves to offset the effects of a deterioration in demand.
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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.
3 euros (upside of 21%), with the broker also making the share of the parent company of British Airways and Iberia its top pick in the sector.
In its opinion, this is the share that will benefit the most from the rationality of supply (towards transatlantic) and offers the most attractive valuation, the analyst says in a report on the air transport sector.
More broadly, Oddo BHF adopts a more optimistic tone on the winter thanks to growth in offer that is tangibly less sustained than in previous years, which serves to offset the effects of a deterioration in demand.
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.