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Ryanair price target raised to EUR 21 from EUR 18.20 at Jefferies

Ryanair price target raised to EUR 21 from EUR 18.20 at Jefferies

Jefferies raised the firm’s price target on Ryanair (RYAAY) to EUR 21 from EUR 18.20 and keeps a Hold rating on the shares as part of a Q4 earnings preview. The firm expects a “healthy” Q4 with 5% sales growth against down 6% average fares. The firm remains on the sidelines citing Ryanair’s “material” carbon headwind, small tailwind from new fleet and its significant exposure to Boeing.

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