Lufthansa: Barclays raises its target price

(CercleFinance.com) - Barclays has reaffirmed its 'overweight' recommendation on Lufthansa, with its target price raised from 7.
5 to 9.5 euros, based on a scenario of avoiding a third profit warning thanks to fuel and short-haul revenues.

While acknowledging complex employee relations, the broker considers the German company to be 'well positioned', and believes that its Investor Day on November 25 'should boost confidence in the MRO (maintenance, repair and overhaul) business'.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.