(CercleFinance.com) – UBS downgrades its recommendation on Ryanair from ‘buy’ to ‘neutral’ with a price target lowered from 24 to 20 euros, a new target which implies a potential increase of 19% for the air carrier’s stock at low costs.
In the summary of its research note, the broker explains that it is reducing its forecasts for the Irish group, highlighting a weakening of pricing dynamics which, according to it, limits support for the upside potential for the stock.
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