Stifel analyst Johannes Braun downgraded Air France-KLM (AFLYY) to Hold from Buy with a price target of EUR 8, down from EUR 13. The company’s 2028 EBIT target looks increasingly out of reach due to ongoing cost inflation, the analyst tells investors in a research note.
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Read More on AFLYY:
- Air France-KLM price target lowered to EUR 9.50 from EUR 10 at JPMorgan
- Air France-KLM downgraded to Underweight from Equal Weight at Barclays
- Citi double upgrades Lufthansa, downgrades Air France-KLM in sector note
- Air France-KLM downgraded to Neutral from Buy at Citi
- Air France-KLM price target lowered to EUR 5.35 from EUR 6.45 at Morgan Stanley