(CercleFinance.com) – UBS adjusts its forecasts after the announcement of the results of the first half of 2023 of Easyjet.
The analyst retains his Buy recommendation on the stock but is revising his price target upwards from 650 to 710 pence.
“Following the results of the 1st half of 23, we are increasing our 2023 net profit before tax forecast to £375m with an upside risk”, adds UBS.
easyJet said it expects, based on the current strength of demand, an annual result above the market consensus, which targets 260 million pounds for the financial year which will end at the end of September.
Copyright © 2023 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
