Morgan Stanley downgraded Air France-KLM (AFLYY) to Underweight from Equal Weight with a price target of EUR 7.10, down from EUR 9.40. The company’s market exposure is challenging and “weak” free cash flow in 2025 and 2026 “makes shares expensive,” the analyst tells investors in a research note.
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Read More on AFLYY:
- Air France KLM SA (AFLYY) Q3 Earnings Cheat Sheet
- Air France-KLM price target raised to EUR 9.40 from EUR 9 at Morgan Stanley
- Air France-KLM upgraded to Neutral from Underperform at Oddo BHF
- Air France-KLM price target raised to EUR 9 from EUR 8.75 at Barclays
- Air France-KLM upgraded to Overweight from Underweight at JPMorgan