Jefferies raised the firm’s price target on IAG (ICAGY) to 400 GBp from 350 GBp and keeps a Buy rating on the shares. The firm updated its model for the company’s fiscal 2024 results. IAG’s is a “multi-year re-rating story” and the stock’s valuation “looks compelling” at current levels, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ICAGY:
- Strong Financial Performance and Strategic Initiatives Drive Buy Rating for International Consolidated Airlines
- IAG Reports Strong 2024 Financial Performance
- International Consolidated Airlines: Strong Financial Performance and Strategic Initiatives Drive Positive Outlook
- ICAGY Earnings this Week: How Will it Perform?
- IAG downgraded to Market Perform from Outperform at Bernstein
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue