Barclays reaffirms its 'overweight' recommendation on Lufthansa, with a price target lowered from nine to eight euros, in the wake of a 7% reduction in its 2024 adjusted EBIT estimate for the German airline.

Following a CEO meeting with sell-side analysts on June 19, the broker reports that he was optimistic about the planned acquisition of ITA and the start of operations at City Airlines, but that 'labor relations and costs are a challenge'.

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.