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Fly News Breaks for December 13, 2019
RYAAY
Dec 13, 2019 | 04:54 EDT
HSBC analyst Andrew Lobbenberg upgraded Ryanair to Buy from Hold with a price target of EUR 16, up from EUR 12.25. The analyst expects the Conservative majority in the U.K. to reduce uncertainty for airlines, which he says "trade better with clarity." Consumer and business confidence will improve, which should be a help airline revenue, Lobbenberg contends.
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