(News Bulletin 247) – In a sector note on European airlines, Oddo BHF highlights Ryanair, with an ‘outperformance’ opinion and a target price of 22 euros, as its favorite value in the sector.
In addition to ‘solid pricing over the summer given capacity discipline on the intra-European market and an acceleration in market share gains’, the analyst points to ‘a more resilient profile in the event of a deterioration in the ‘environment through its cost structure’.
Beyond the quarterly results it expects solid, the research office thinks that the CMD (investor day) ‘will be the real catalyst (announcement on the resumption of a regular dividend?)’ on the title of the Irish company at low price.
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