Ryanair (RYAAY) Rising From Ashes of European Airline Industry

November 6, 2012 9:32 AM EST Send to a Friend
Get Alerts RYAAY Hot Sheet
Price: $63.85 --0%

Rating Summary:
    8 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 13 | New: 13
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Imperial Capital maintained an Outperform rating on Ryanair (NASDAQ: RYAAY) and raised its price target to $40.00 (from $36.00).

"We believe F2Q's results demonstrate that Ryanair is among the fiercest competitors in the European market, exploiting its low-cost advantage and luring passengers with its exceptionally low fares," said analyst Bob McAdoo

He doesn't think the wave of European airline bankruptcies is over and expects Ryanair to pick up passengers, and also, potentially, "very attractively-priced aircraft from the ashes."

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 $33.60 yesterday.

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