(News Bulletin 247) – AlphaValue has raised its recommendation on IAG to ‘buy’ versus ‘cut’ so far, with a price target maintained at 259 pence, welcoming the relaunch of the airline’s activity.
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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