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Fly News Breaks for July 1, 2019
ICAGY
Jul 1, 2019 | 07:45 EDT
As previously reported, Bernstein analyst Daniel Roeskas downgraded IAG to Market Perform from Outperform saying he sees evidence of a corporate travel slowdown in Europe, driven by a weaker economy and corporate cost pressures, that can spill over into other traffic segments. As the closure of manufacturing plants or restructuring efforts following earnings downgrades across European corporations increases uncertainty for employees, leisure travelers often opt to spend less, further depressing leisure demand, he adds.
News For ICAGY From the Last 2 Days
ICAGY
Apr 23, 2024 | 13:14 EDT
Deutsche Bank raised the firm's price target on IAG to 215 GBp from 200 GBp and keeps a Hold rating on the shares.
