Ryanair upgraded to Buy from Sell at Stifel

Stifel analyst Johannes Braun double upgraded Ryanair to Buy from Sell with an EUR 18 price target. The European aviation ecosystem is still experiencing severe structural bottlenecks, which "should be a boon for sector profits," the analyst tells investors in a research note. Strong travel demand, capacity discipline and elevated pricing should make the elevated profits sustainable, the analyst tells investors in a research note.