Morgan Stanley analyst Axel Stasse lowered the firm’s price target on IAG (ICAGY) to EUR 5.10 from EUR 5.60 and keeps an Overweight rating on the shares. The firm updated estimates across its European airlines coverage to account for the jet fuel forward curve.
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Read More on ICAGY:
- IAG price target lowered to 460 GBp from 500 GBp at Deutsche Bank
- IAG price target lowered to 480 GBp from 500 GBp at RBC Capital
- IAG price target lowered to 610 GBp from 670 GBp at Citi
- IAG upgraded to Overweight from Equal Weight at Barclays
- IAG price target raised to EUR 5.60 from EUR 5.40 at Morgan Stanley