Bernstein today reaffirms its outperform investment rating on International Consolidated Airlines Group (LON:IAG) and cut its price target to 490p (from 700p).
Bernstein today upgrades its investment rating on easyJet PLC (LON:EZJ) to outperform (from market perform) and cut its price target to 1300p (from 1450p).
“After the big crash comes the recovery rally. Unfortunately the scale of the rebound is lacklustre at best, suggesting that investors remain extremely nervous,”...