Broker downgrades easyJet and Ryanair
06.05.08
Deutsche Bank has downgraded easyJet to 'hold' from 'buy' and Ryanair to 'sell' from 'hold' with respective price target cuts to 369p from 537p and €2.6 from €2.8, market sources said.
In a note published this morning, the broker said that it has downgraded easyJet to 'hold' and Ryanair to 'sell' until both cut back on growth plans. It added that the airlines are not doing enough to counter the challenge of fuel costs and that it believes that the sector is likely to continue to trade well below book value.
Add to: del.icio.us | Digg it | Newsvine | NowPublic | Reddit
To book luton airport hotel or luton airport car parking at the lowest price, click on these links to two great luton airport car parking and luton airport hotel price comparison pages.
