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Barclays downgrades two European airline stocks amid fuel price concerns

Investing.com ·

RYAAY Ryanair Holdings Plc ADR
$54.24 +0.37%
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  1. 1Barclays downgraded Ryanair and Norwegian Air Shuttle from Overweight to Equal Weight.
  2. 2Analysts led by Andrew Loebner cut the price target for Ryanair to 24 euros and Norwegian to 11.50 Norwegian krone.
  3. 3Persistently high fuel prices threaten the fourth-quarter and 2027 profits of European airlines.

So what's the key point?

Barclays lowered its investment ratings for Ryanair and Norwegian Air Shuttle. High fuel prices are threatening the profits of these companies.

Source Investing.com · View original ↗

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