As previously reported, Evercore ISI analyst Duane Pfennigwerth upgraded Ryanair (RYAAY) to Outperform from In Line with a price target of $80, up from $75, following a 15% pullback off the January highs. The firm cites Ryanair’s relative financial strength, “pristine” balance sheet, strong unencumbered net fleet value, attractive margin profile and cash generation.
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