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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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