Ryanair: Liberum drops 'buy' rating
(CercleFinance.com) - Liberum has downgraded its "buy" rating on the Ryanair share to "hold," while maintaining its target price at 12.
5 euros, seeing the Irish low cost airline as good quality, albeit with balanced risks.
"Ryanair retains a strong balance sheet with ample liquidity, a market-leading position and favourable positioning in the segments of air travel likely to recover first and fastest," the broker acknowledges.
"Despite the long-term attractions, faced with huge uncertainty over government policies and a tough winter, more caution is appropriate," it says however.
Copyright (c) 2020 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.
5 euros, seeing the Irish low cost airline as good quality, albeit with balanced risks.
"Ryanair retains a strong balance sheet with ample liquidity, a market-leading position and favourable positioning in the segments of air travel likely to recover first and fastest," the broker acknowledges.
"Despite the long-term attractions, faced with huge uncertainty over government policies and a tough winter, more caution is appropriate," it says however.
Copyright (c) 2020 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.