| Over a month ago | ||||
Barclays analyst Andrew… Barclays analyst Andrew Lobbenberg initiated coverage of easyJet with an Equal Weight rating and 510 GBp price target. The analyst has a positive stance on European airlines. Pent-up demand and the re-opening of Asia and business travel should "overpower weak economics," the firm tells investors in a research note. It adds that moderating disruption and productivity benefits will mitigate inflation pressures. | ||||
Deutsche Bank analyst… Deutsche Bank analyst Jaime Rowbotham double upgraded easyJet to Buy from Sell with a price target of 580 GBp, up from 410 GBp. The U.K. economic outlook has "improved dramatically" in the past three months, which is positive for easyJet, the airline with the greatest exposure to the U.K., the analyst tells investors in a research note. | ||||
JPMorgan analyst Harry… JPMorgan analyst Harry Gowers raised the firm's price target on easyJet to 370 GBp from 310 GBp and keeps an Underweight rating on the shares. | ||||
Bernstein analyst Daniel… Bernstein analyst Daniel Roska downgraded easyJet to Market Perform from Outperform with a 550 GBp price target. The firm notes that easyJet has improved commercially through the pandemic, with ancillary sales per passenger approaching some 70% above pre-pandemic levels and the Holidays business becoming a meaningful profit contributor. Productivity improvements will enable more summer flying on the same number of planes, Bernstein adds. However, this is becoming better-understood, the firm says. Meanwhile, still-to-come capacity restoration at legacy carriers presents risks to fares into next winter, and easyJet has to contend with rising carbon costs starting 2024. | ||||
HSBC analyst Anand Date… HSBC analyst Anand Date upgraded easyJet to Buy from Hold with a 630 GBp price target. | ||||
Deutsche Bank analyst… Deutsche Bank analyst Andy Chu raised the firm's price target on easyJet to 410 GBp from 330 GBp and keeps a Sell rating on the shares. | ||||
Morgan Stanley analyst… Morgan Stanley analyst Conor Dwyer initiated coverage of easyJet with an Equal Weight rating and 425 GBp price target. Economic challenges risk derailing the European air travel recovery, but constrained capacity should prevent a sharp pricing reversal and he favors carriers able to absorb weakening demand and take share in such an environment, Dwyer tells investors. | ||||
Goldman Sachs analyst… Goldman Sachs analyst Patrick Creuset downgraded easyJet to Neutral from Buy with a price target of 450 GBp, down from 606 GBp. The analyst sees lower coverage-relative upside after reducing estimates well below consensus to reflect higher unit costs. He believes easyJet will struggle to contain cost inflation pressures. | ||||
| Over a quarter ago | ||||
JPMorgan analyst Harry… JPMorgan analyst Harry Gowers raised the firm's price target on easyJet to 320 GBp from 260 GBp and keeps an Underweight rating on the shares. | ||||
Deutsche Bank analyst… Deutsche Bank analyst Andy Chu lowered the firm's price target on easyJet to 330 GBp from 415 GBp and keeps a Sell rating on the shares. | ||||
