easyJet initiated with a Buy at Jefferies
The Fly

easyJet initiated with a Buy at Jefferies

Jefferies analyst Jaina Mistry initiated coverage of easyJet (ESYJY) with a Buy rating and 680 GBp price target as part of a broader research note launching coverage of European Airlines. The sector does face a challenging period as carbon headwinds enter the P&L and yield expansion is uncertain, but the market fails to recognize its self-help measures and efficiency gains, the analyst tells investors in a research note. Easyjet should benefit from its growing package holiday business, fleet renewal through Airbus (EADSY) exposure, and self help opportunities through optimizing winter trading and ancillaries, the firm added.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App