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ubs downgrades air france klm to neutral amid rising share price

UBS has upgraded Air France-KLM from Buy to Neutral, lowering the price target from €12.05 to €11.45, citing a 16% rise in share price this year reflecting improved earnings outlook. The group aims for a 50% reduction in CO2 emissions by 2030 and plans to optimize net investments below €3 billion for 2024. Despite challenges, including a hiring freeze and increased unit costs, the company expects a 4% capacity increase in Available Seat Kilometers for 2024.
bourse.fortuneo.fr
Euro China Airlines, Ltd. Air France-KLM TWN FRA NLD CHN Benjamin Smith Anne-Marie Couderc Show more
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