Barclays analyst Andrew Lobbenberg downgraded Air France-KLM (AFLYY) to Underweight from Equal Weight with a price target of EUR 7, down from EUR 8.50. The firm cites political instability in France for the downgrade.
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Read More on AFLYY:
- 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
- Air France-KLM price target lowered to EUR 10 from EUR 11.50 at JPMorgan
- EU approves Lufthansa-ITA Airways merger remedies
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