(News Bulletin 247) – Liberum maintains its ‘buy’ recommendation and its price target of 220 pence on International Airlines Group (IAG) after the publication of annual results online, with targets for 2023 deemed ‘generally reassuring’.
“The results showed the expected return to significant profitability, as the easing of restrictions on international travel helped to meet pent-up demand,” explains the broker in its note on the air carrier.
“Targets for 2023 overlap with the current consensus, with our forecast being at the upper end of management’s range,” he adds, noting that the Anglo-Spanish group sees most of the improvement over to 2022 in the first half.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
