IAG: UBS raises its target price

(CercleFinance.com) - While maintaining its 'neutral' recommendation on IAG (International Airlines Group) shares, UBS has raised its target price from 185 pence to 195 pence, a new TP that implies 18% upside potential for the Anglo-Spanish airline's stock.


"While we raise our 2024e and 2025e forecasts there remains the potential for weakness around consumer demand", the broker says after the interim results announced by the parent company of British Airways and Iberia.


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