Lufthansa: Barclays lowers target price

(CercleFinance.com) - Barclays has confirmed its 'equal weight' recommendation on Lufthansa shares, with a TP cut from E8 to E7.
3, after reducing its estimates for FY 2024 following a profit warning issued for Q1.

Analysts would be surprised if Q1 results, due out on 30 April, boost the stock, they say, pointing to strategic and labour uncertainties, although a cheap valuation.


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