On Wednesday, Bernstein analysts maintained a positive outlook on several European airline stocks, highlighting Ryanair, IAG, and Wizz Air in particular. According to the firm, Ryanair (EXCHANGE:RYA) continues to excel, with a transformation into a cash return stock as capital expenditures decrease. The airline is expected to generate an average of €2-€2.5 billion in free cash flow per annum. Ryanair’s target price stands at €22.50.
IAG (EXCHANGE:IAG), known for its quality business…
