Morgan Stanley upgrades Easyjet, Wizz Air and Ryanair
easyJet
990.60p
12:35 26/02/21
2.00%
19.40p
Analysts at Morgan Stanley upgraded their recommendations for EasyJet, Wizz Air and Ryanair and revised their target prices for all three budget carriers in expectation of a "tighter" supply/demand balance in the sector.
Air France-KLM
€5.64
12:35 26/02/21
2.31%
€0.13
FTSE 100
6,533.28
12:35 26/02/21
n/a
n/a
FTSE 250
20,956.77
12:35 26/02/21
n/a
n/a
FTSE 350
3,747.15
12:35 26/02/21
n/a
n/a
FTSE All-Share
3,726.61
12:35 26/02/21
n/a
n/a
Ryanair Holdings
€16.48
12:35 26/02/21
0.12%
€0.02
Travel & Leisure
8,841.95
12:35 26/02/21
-0.43%
-37.88
Wizz Air Holdings
5,370.00p
12:35 26/02/21
1.32%
70.00p
Their recommendations for Easyjet and Wizz Air was lifted from 'equalweight' to 'overweight' and that for Ryanair from 'underweight' to 'equalweight'.
In parallel, their target prices for those three companies' shares went up from 1,000.0p to 1,800.0p, from 3,700.0p to 4,900.0p and from €9.0 to €16.0.
Over the course of 2020, higher yields would offset cost inflation, the analysts said.
Within the same note, the broker also expressed a preference for shares of Air France-KLM versus those of Lufthansa.
-- More to follow --