BA and Iberia owner IAG flew higher on Wednesday as JPMorgan Cazenove said it was the “most compelling” overweight in the airline sector and added the stock to its Analyst Focus List and put it on “positive catalyst watch”.
JPM said this was driven by solid pricing, strong free cash flow leading to shareholder cash returns and a re-rating potential.
More broadly, the bank said 2025 is expected to be a mixed year for the transport sector.
“We see a weakening backdrop for trade despite volumes…
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