Over a week ago | ||||
Erste Group upgraded… Erste Group upgraded Ryanair to Buy from Hold. The analyst cites the "very strong" recovery in air travel and the company's market share gains for the upgrade. | ||||
Barclays initiated… Barclays initiated coverage of Ryanair with an Overweight rating and EUR 23 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. |
Over a month ago | ||||
JPMorgan analyst Harry… JPMorgan analyst Harry Gowers raised the firm's price target on Ryanair to EUR 22 from EUR 21.30 and keeps an Overweight rating on the shares. | ||||
Morgan Stanley analyst… Morgan Stanley analyst Conor Dwyer lowered the firm's price target on Ryanair to EUR 19.10 from EUR 19.40 and keeps an Overweight rating on the shares. | ||||
Deutsche Bank analyst… Deutsche Bank analyst Jaime Rowbotham raised the firm's price target on Ryanair to EUR 17.50 from EUR 16 and keeps a Buy rating on the shares. | ||||
Morgan Stanley analyst… Morgan Stanley analyst Conor Dwyer initiated coverage of Ryanair with an Overweight rating and EUR 19.40 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. |
Over a quarter ago | ||||
JPMorgan analyst Harry… JPMorgan analyst Harry Gowers raised the firm's price target on Ryanair to EUR 21 from EUR 18.20 and keeps an Overweight rating on the shares. | ||||
Deutsche Bank analyst… Deutsche Bank analyst Jaime Rowbotham raised the firm's price target on Ryanair to EUR 16 from EUR 14.50 and keeps a Buy rating on the shares. | ||||
JPMorgan analyst Harry… JPMorgan analyst Harry Gowers raised the firm's price target on Ryanair to EUR 18.20 from EUR 17.70 and keeps an Overweight rating on the shares. | ||||
During Ryanair's… During Ryanair's (RYAAY) earnings conference call, the company's CEO Michael O'Leary said that, "by the time we get to sometime in 2024, '25, we would like to be back at disclosures with Boeing [BA] on a new aircraft deal, but Boeing have to sort out their own kind of manufacturing challenges at the moment, and they're going to deliver what they've committed to first before we can actually start negotiating new aircraft orders with any bit of -- any sense of confidence that Boeing -- in the meantime, Airbus [EADSY] are marking up huge amounts of Boeing's market share... I have no doubt that once they sort out the current production problems, they will -- Boeing will want to recapture market share. And when that timing comes about, they know where -- we'll be there working with them, but only on pricing that makes it economic for us to continue to grow as Boeing's principle is kind of standard there -- here in Europe. "Boeing relationship, look, it's challenged at the moment. It is very difficult. But we've come to the realization, we have to work with Boeing. They are continuing -- they are challenged with production in Seattle. We accept now we won't get the 51 aircraft that they had originally contract delivered to us by the end of April. I think if we get to 40 or 45 aircraft by the end of June, that still allows us to maintain our ambitious traffic projection -- or traffic growth projections out to FY '24. I think over that period of time, the -- that their blockages -- production blockages which will work their way out of the system. We are back having discussions with them about the new aircraft," the executive added. "We are receiving some modest compensation from Boeing for these delivery delays, but really compensation is not that attractive to us... It is difficult because they are continuously failing to meet their delivery obligations to us. But I think we're at a stage where we recognize we have to work with Boeing as best we can." |