IAG: UBS still a buyer, adjusts TP

(CercleFinance.com) - UBS has cofirmed its 'buy' recommendation on IAG (International Airlines Group) shares, while trimming its target price from 285p to 280p, which leaves upside potential of 31% for the Anglo-Spanish airline's shares.


"The UK government's announcements on open travel are insufficient to allow IAG to restore profitability," the broker notes, which is reducing its 2021-22 EPS estimates, "given a slow 1H21 start and fuel".


Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.