Bernstein downgraded Air France-KLM (AFLYY) to Market Perform from Outperform with a price target of EUR 11.50, up from EUR 11. The company’s unit costs are “stubbornly rising,” and are guided to do so again in 2025, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AFLYY:
- Air France-KLM price target raised to EUR 8.50 from EUR 5.35 at Morgan Stanley
- Air France-KLM Reports Strong 2024 Earnings
- Air France KLM SA (AFLYY) Q4 Earnings Cheat Sheet
- Air France-KLM plans to make bid for stake in Portugal’s TAP, Bloomberg says
- Air France-KLM initiated with a Hold at Kepler Cheuvreux