Ryanair: UBS still a buyer after Boeing order
(CercleFinance.com) - -UBS confirms its buy rating on the Ryanair stock with a target price of E22.
5
The analyst believes that the "new agreement with Boeing changes the game".
Boeing and Ryanair yesterday announced the signing of a major contract, the largest in the low-cost airline's history, including a firm order for 150 737-10 aircraft and options for another 150.
"A 300 game changer deal with Boeing that was announced for the period 2027 to 2033. We think it should be viewed favourably," UBS says.
The selection of the largest aircraft in the 737 MAX family will enhance its 737-8-200 fleet to accelerate its post-pandemic recovery.
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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.
5
The analyst believes that the "new agreement with Boeing changes the game".
Boeing and Ryanair yesterday announced the signing of a major contract, the largest in the low-cost airline's history, including a firm order for 150 737-10 aircraft and options for another 150.
"A 300 game changer deal with Boeing that was announced for the period 2027 to 2033. We think it should be viewed favourably," UBS says.
The selection of the largest aircraft in the 737 MAX family will enhance its 737-8-200 fleet to accelerate its post-pandemic recovery.
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.