Deutsche Bank analyst Jaime Rowbotham upgraded Lufthansa to Buy from Hold with a price target of EUR 14.50, up from EUR 10.50. The analyst sees a "materially improved outlook" for the European airlines. Despite "exercising prudence" on yields, non-fuel unit costs and oil itself, operating profits in 2023 have the potential to be 20% higher than previously expected, and 18% above current consensus estimates on average, the analyst tells investors in a research note.
Published first on TheFly
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- Lufthansa upgraded to Buy from Neutral at UBS
- Lufthansa price target raised to EUR 16.50 from EUR 14.80 at Barclays
- Lufthansa price target raised to EUR 7.20 from EUR 6.30 at Morgan Stanley
- Lufthansa price target raised to EUR 14.50 from EUR 10.70 at JPMorgan
- Lufthansa upgraded to Buy from Hold at HSBC
