Bernstein analyst Alex Irving downgraded Lufthansa (DLAKY) to Market Perform from Outperform with an unchanged price target of EUR 7.50. Demand looks “basically fine” for European airlines, but at current levels the firm views the opportunity in Lufthansa as “less compelling than before” and downgrades the shares on valuation, the analyst tells investors in a Q2 preview for the group.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DLAKY: