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Fly News Breaks for September 30, 2019
RYAAY
Sep 30, 2019 | 11:53 EDT
BofA/Merrill analyst Muneeba Kayani reinstated coverage of Ryanair with a Buy rating and price target 13.50 euros, which represents 30% upside potential. The company's low cost model and strong balance sheet result in superior margins and returns, Kayani tells investors in a research note. Further, the analyst expects Ryanair's unit revenue trends to improve as rivals cut capacity and it slows capacity growth.
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