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Fly News Breaks for September 7, 2016
AFLYY, DLAKY, RYAAY, ESYJY
Sep 7, 2016 | 05:59 EDT
Deutsche Bank analyst Anand Date downgraded four names in the European Airlines space citing a "weak" sector outlook. Forward looking data is simply too weak, Date tells investors in a research note. Capacity is "stubbornly high" while demand risks are weighted to the downside, the analyst contends. Date also sees further pressure on pricing. He downgraded EasyJet (ESYJY) and Ryanair (RYAAY) to Hold from Buy and took Lufthansa (DLAKY) and Air France-KLM (AFLYY) to Sell from Hold.
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