Wizz Air Holdings

No need to rush

  • Sectors : Airlines
  • Companies : Wizz Air Holdings

Ratings and price correct at time of issue.

  • Wizz Air Holdings

    Closing Price: 3662.0p

  • RATING 09/09/19

  • PREVIOUS RATING 20/06/18

    OUTPERFORM

DAVY VIEW

While key attractions of the Wizz Air investment case – efficient costs, aggressive growth and strong liquidity – have been potently reaffirmed, uncertainties remain. We think the company over-extended capacity through summer – it needs to manage this balance better this winter. Equally, we would see merit in an easing of its delivery schedule as demand tentatively returns. A very strong long-term potential exists at Wizz and there is no need to rush the process. We remain ‘Neutral’ with a £35 price target.

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Nov 9 2020, 06:45 GMT

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