IAG: in the green with broker’s words

IAG (International Airlines Group) earns 1% in London, supported by Berenberg who reaffirms its ‘buy’ recommendation with a price target raised from 180 to 190 pence, in a note devoted to European and American air transport values. ‘Airlines have been faced with false hopes, a hoped-for surge in bookings having caused the latest disappointment, particularly in Europe,’ the broker points out, adding that ‘valuations seem high’.Against this backdrop, Berenberg says he is sticking to airlines « that have the opportunity to take profit shares in the industry and move back to pre-pandemic margins more quickly, » citing IAG, Wizz Air and Southwest Airlines.Copyright (c) 2021 CercleFinance.com. All rights reserved.

IAG (International Airlines Group) earns 1% in London, supported by Berenberg who reaffirms its ‘buy’ recommendation with a price target raised from 180 to 190 pence, in a note devoted to European and American air transport values.

Airlines have been faced with false hopes, with a hoped-for surge in bookings causing the latest disappointment, particularly in Europe, » the broker points out, adding that « valuations appear high ».

In this context, Berenberg says he is sticking to airlines « that have the opportunity to take profit shares in the sector and return more quickly to pre-pandemic margins, » citing IAG, Wizz Air and Southwest Airlines.

Copyright (c) 2021 CercleFinance.com. All rights reserved.

IAG: in the green with broker’s words
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