JPMorgan downgraded Air France-KLM (AFLYY) to Neutral from Overweight with a price target of EUR 8, down from EUR 15. The cites the company’s financial gearing in an uncertain backdrop and no cash generation for the downgrade.
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Read More on AFLYY:
- Air France-KLM price target lowered to EUR 5 from EUR 7 at Barclays
- Air France-KLM price target raised to EUR 10.35 from EUR 9.50 at Citi
- Air France-KLM downgraded to Sell from Hold at Deutsche Bank
- Air France-KLM downgraded to Neutral from Buy at UBS
- Air France-KLM upgraded to Buy from Neutral at Redburn Atlantic