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Fly News Breaks for May 21, 2019
RYAAY
May 21, 2019 | 06:48 EDT
JPMorgan analyst David Perry downgraded Ryanair to Neutral from Overweight and lowered his price target for the shares to EUR 11.30 from EUR 13.25. The analyst continues to view the company as one of the long-term winners in the European airline industry but he believes the next 6-12 months "could remain challenging" due to fuel prices and Boeing 737 MAX delays. The analyst reduced his estimates following Ryanair's initial fiscal 2020 guidance.
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