UBS has reiterated its 'buy' recommendation on easyJet, with its target price raised from 820 to 850 pence, a new target that offers 52% upside potential for the British low-cost airline's shares.

Despite the recent increase in kerosene prices, we see the April 18 trading update as a likely powerful catalyst for the share price and earnings outlook", says the broker, who still sees upside potential for 2024 earnings.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.