Ryanair shares rise after UBS upgrades to buy

(CercleFinance.com) - Ryanair shares rose on the Dublin Stock Exchange on Monday after UBS upgraded its recommendation on the stock from 'neutral' to 'buy' and raised its price target from €17.
25 to €23.15.

At around 3:00 p.m. (local time), the stock gained 1.3%, compared with a gain of around 1.2% for the ISEQ 20, Euronext Dublin's benchmark index, returning to its highest level since May.

In a note, UBS said it saw potential for improvement in the airline's outlook to 2026 as a result of the normalization of its base effect and better control of its costs (excluding fuel).

We think the market is too cautious", writes the intermediary in its note, agreeing with Bank of America's analysts last week that the group's fares should continue to improve.

The group, valued at 20.9 billion euros on the stock market, has posted a symbolic rise since the start of the year (+0.7%)

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