(News Bulletin 247) – The IAG share rose Monday morning on the London Stock Exchange following the raising of the recommendation of AlphaValue, which welcomes the relaunch operated by the activity of the air carrier.
The title rose by 0.5% in the middle of the morning while the British FTSE 100 index advanced by 0.4% at the same time. The STOXX Europe 600 Travel & Leisure sector index advanced by 0.2%.
AlphaValue said it has raised its stock recommendation to ‘buy’ from ‘cut’ so far, with a price target held at 259 pence.
In its note, the research department explains that it has significantly revised its earnings forecasts for the group for 2023 upwards in order to take into account its latest performance, deemed to be well above expectations, and its favorable booking outlook for the rest. some exercice.
Strong passenger demand and strong fares more than offset shrinking cargo business and ‘normalizing’ business from pandemic, says research firm of Covid.
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