Deutsche Bank lowers IAG price target to 600p reflecting rising fuel costs
DB Deutsche Bank AG
$36.62 -0.08%
View chart & analysis → - 1Deutsche Bank lowered its price target for IAG from 645p to 600p.
- 2Deutsche Bank announced an estimated 7% decrease in IAG's 2027 EBITDA and an estimated 10% decrease in IAG's 2027 EBIT.
- 3Deutsche Bank projected IAG's 2027 fuel costs at 10.35 billion euros and maintained a 'buy' rating.
So what's the key point?
Deutsche Bank lowered its expected price for IAG to 600p due to rising fuel costs. The price target was lowered because the company's profits are expected to decrease.
Source Bloomberg +3 · View original ↗
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