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UBS has upgraded Air France-KLM from Buy to Neutral, lowering the price target from 12.05 euros to 11.45 euros. The firm notes that the improved earnings outlook for 2024 is now reflected in the share price, which has increased by 16% since the start of the year.
Air France-KLM has been downgraded from "buy" to "neutral" by UBS. The airline, a major player in global transport, anticipates carrying 74.7 million passengers and 0.9 Mt of freight in 2024, with a fleet of 574 aircraft, including 266 for Air France, 182 for KLM, and 126 for Transavia.
UBS has downgraded Air France-KLM to a 'Neutral' rating, setting a target price of 11.45 euros. Investors are cautioned about the significant risks associated with trading financial instruments and cryptocurrencies, which can lead to substantial losses. It is advisable to seek independent financial advice before engaging in such trading activities.
UBS has downgraded Air France-KLM from "Buy" to "Neutral," reducing its price target from €12.05 to €11.45. Analyst Jarrod Castle noted that the improved outlook is already reflected in the airline's shares, with the lower target attributed to increased liabilities.
UBS has rated AIR FRANCE-KLM as 'Neutral', indicating a cautious stance on the stock. The information provided is for informational purposes only and does not serve as a recommendation to buy or sell. Investors are reminded of the risks involved in purchasing securities, which may lead to total capital loss.
Air France-KLM, a leading global airline, reported that by the end of 2024, it will operate a fleet of 574 aircraft, with 80% of its sales coming from passenger and cargo transport, serving 74.7 million passengers and 0.9 Mt of freight. The low-cost segment, Transavia, is expected to carry 23.2 million passengers, while maintenance services and other activities contribute 6.6% and 3.5% to sales, respectively.
UBS has downgraded Air France-KLM from "Buy" to "Neutral," reducing its target price from 12.05 euros to 11.45 euros. Analyst Jarrod Castle noted that the improved outlook is already reflected in the company's share prices, with the lower target attributed to increased liabilities.
UBS has downgraded Air France-KLM to "Neutral" from "Buy," lowering the price target to €11.45 due to challenges including €160 million in expenses from the Paris Olympics and operational issues at KLM. Despite a strong fourth quarter limiting the full-year operating profit decline to €0.1 billion, the airline's current valuation reflects these difficulties. Additionally, Air France-KLM has proposed a €300 million takeover of Air Europa, assuming its €475 million debt, while also expressing interest in TAP Portugal, contingent on favorable terms.
Analysts have made several notable recommendations, including JP Morgan maintaining an Underweight rating for Adecco with a reduced target of CHF 19.60, while Air France-KLM was downgraded by Barclays to Underweight with a target of EUR 7. ArgenX received a buy rating from HC Wainwright & Co, raising its target to 717 USD, and BioMérieux was upgraded to Outperform by Oddo BHF with a target of EUR 132. Other significant changes include upgrades for Deliveroo and Orange, while OVH Groupe remains a sell with a raised target of EUR 8.50.
UBS has maintained a "Buy" rating for Air France-KLM, setting a target price of 12.05 euros. Analyst Jarrod Castle highlights a positive outlook for the airline industry in the coming year, driven by growth in both leisure and business travel, alongside disciplined capacity management that supports higher prices.
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