Barclays analyst Andrew Lobbenberg downgraded Lufthansa (DLAKY) to Underweight from Equal Weight with a price target of EUR 7.80, up from EUR 7.70. The firm says the “current optimism” for Europe’s flag carriers “looks excessive.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DLAKY:
- Lufthansa upgraded to Overweight from Underweight at Morgan Stanley
- Lufthansa price target raised to EUR 8 from EUR 7.50 at JPMorgan
- Lufthansa upgraded to Buy from Hold at Kepler Cheuvreux
- Lufthansa price target raised to EUR 8.30 from EUR 7.30 at Citi
- Lufthansa upgraded to Neutral from Underweight at JPMorgan