(CercleFinance.com) – UBS reaffirms its ‘buy’ recommendation on Air France-KLM despite a price target reduced from 21.5 to 19.6 euros, a new target containing a potential increase of 92% for the title of the Franco-Dutch airline.
‘Although 2023 results and 2024 cost control were slightly disappointing, we believe the stock is trading significantly below its intrinsic value,’ the broker said in its rating summary.
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