(CercleFinance.com) – Oddo BHF confirms its ‘outperform’ opinion on Ryanair and raises its price target from 24 to 26 euros, to ‘reflect more favorable pricing momentum’ for the Irish low-cost airline.
‘The delay in Boeing deliveries and the good performance of intra-European capacities argue for good pricing performance over the summer and beyond’, explains the analyst who thus displays greater confidence in his estimates for fiscal year 2025.
Oddo BHF also highlights a ‘very comfortable cash level at the end of March 2024, paving the way for a share buyback announcement during the publication of annual results’, and still considers the valuation attractive in view of the fundamentals of the company. Company.
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