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Fly News Breaks for April 29, 2019
ICAGY
Apr 29, 2019 | 04:50 EDT
UBS analyst Jarrod Castle upgraded IAG to Buy from Neutral with a price target of 705p. The shares are trading "close to trough multiples" following the recent pullback, which is overdone, Castle tells investors in a research note. Further, the analyst believes the summer demand environment for airlines should be supported by less geopolitical uncertainty in the U.K.
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