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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