Imperial Capital Upgrades Ryanair (RYAAY) to Outperform

Imperial Capital upgraded Ryanair (NASDAQ: RYAAY) from In-Line to Outperform with a price target of $85.00 (from $60.00).

Analyst Bob McAdoo comments, "New passenger initiatives aimed at families and business travelers, coupled with a structural shift to more primary airports, should allow the company to improve aircraft usage during the off-peak season. We believe these network changes will generate additional new business and leisure traffic for Ryanair, which could bring meaningful earnings growth in FY15 and FY16 (Ryanair’s fiscal year ends in March). A successful first month of operating a new winter schedule resulted in an increase in full year guidance."

For an analyst ratings summary and ratings history on Ryanair click here. For more ratings news on Ryanair click here.

Shares of Ryanair closed at $67.62 yesterday.

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