Ryanair: confident Oddo raises target price
(CercleFinance.com) - While Ryanair is suffering from a deterioration in sanitary conditions, Oddo considers that the company has achieved a "solid" H1.
Moreover, its current cash of 4.5 billion euros is comfortable, the analyst adds, who judges the company's business model as "agile", thereby guaranteeing a rapid recovery profile - probably as soon as 2022.
In this context, the broker maintains its buy rating on the stock and has raised its target price from 13.5 euros to 15 euros.
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.
Moreover, its current cash of 4.5 billion euros is comfortable, the analyst adds, who judges the company's business model as "agile", thereby guaranteeing a rapid recovery profile - probably as soon as 2022.
In this context, the broker maintains its buy rating on the stock and has raised its target price from 13.5 euros to 15 euros.
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.