In a note to clients this week, analysts at Jefferies initiated coverage of European Airlines, including IAG, Wizz Air and EasyJet, offering contrasting views on the stocks.
The firm said in a wide-ranging note that the sector is set to face a difficult period as carbon headwinds enter and yield expansion is uncertain. However, they believe the market fails to acknowledge its self-help measures and efficiency gains.
Buy IAG
Jefferies assigned a Buy rating and 270p per share price target to…
