Ryanair price target raised to $60 from $55 at Raymond James

Raymond James raised the firm’s price target on Ryanair (RYAAY) to $60 from $55 and keeps a Strong Buy rating on the shares. The price target change reflects a revised outlook for foreign exchange and fuel price, partly offset by a slightly lower base fare forecast, the analyst tells investors in a research note. While macro uncertainty and MAX delivery delays remain a concern, the firm says the risk-reward is compelling.