Air France-KLM: the title jumps, analysts in reinforcement

(Boursier.com) — In copious volumes, Air France-KLM confirms its rebound yesterday with a title that wins more than 6% to 1.52 euros in the morning in Paris. After the favorable preliminary publication of American Airlines on Thursday, and pending that of Delta Air Lines later, the title of the Franco-Dutch company is supported by several analysts’ notes.

Davy Research initially raised its recommendation on the stock to ‘neutral’, targeting 1.42 euros. UBS, for its part, went to the ‘purchase’ on the action while raising its target from 1.75 to 2 euros. “With the potential for upward revisions at the consensus level, we view the current price as an attractive entry point,” the Swiss bank said. Finally, Citi reiterated its ‘buy’ advice and its target of 1.85 euro.