easyJet: Liberum downgrades stock
(CercleFinance.com) - Liberum has downgraded its recommendation on easyJet from 'buy' to 'hold', while maintaining its target price at 1,000p (current price: 930 euros, -0.
6%), saying that, "The current valuation is suitably reflective of the short-term risks and long-term opportunities".
"The UK government's confirmation of a traffic light system for international travel gave some transparency on the framework to be used," the broker acknowledged in its summary.
"However, it gave no visibility on which countries might fall into each category," it warns, seeing "The risks are rising that there will remain significant restrictions on European air travel this summer".
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.
6%), saying that, "The current valuation is suitably reflective of the short-term risks and long-term opportunities".
"The UK government's confirmation of a traffic light system for international travel gave some transparency on the framework to be used," the broker acknowledged in its summary.
"However, it gave no visibility on which countries might fall into each category," it warns, seeing "The risks are rising that there will remain significant restrictions on European air travel this summer".
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.