easyJet: UBS raises target price
(CercleFinance.com) - UBS has adjusted its forecasts following the announcement of easyJet's H1 2023 results.
The analyst maintains a Buy rating on the stock, with an increased target price of 710p (from 650p).
"Following 1H23 results we increase our 23e PBT forecast to £375m with risk in our view on upside," UBS says.
easyJet said that, based on the current strength of demand, it expects to deliver FY earnings above the market consensus of £260m for the year to end-September.
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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.
The analyst maintains a Buy rating on the stock, with an increased target price of 710p (from 650p).
"Following 1H23 results we increase our 23e PBT forecast to £375m with risk in our view on upside," UBS says.
easyJet said that, based on the current strength of demand, it expects to deliver FY earnings above the market consensus of £260m for the year to end-September.
Copyright (c) 2023 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.