Ryanair (RYAAY) Rising From Ashes of European Airline Industry
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Price: $44.80 -0.8%
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade RYAAY Now!
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, with a 52 week range of $27.66-$37.12.
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"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, with a 52 week range of $27.66-$37.12.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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