Ryanair: UBS downgrades its recommendation

(CercleFinance.com) - UBS has downgraded its recommendation on Ryanair from 'buy' to 'neutral', with a target price lowered from E24 to E20.
This new target implies 19% upside potential for the low-cost airline's stock.

In its summary, the broker says, "we downgrade forecasts" for the Irish group, highlighting Ryanair's pricing trends weakening tarifs, which it believes "limits upside share price support".


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