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Mar 5 2025, 15:34 GMT
IAG
Model update – upping price target to £3.50
DAVY VIEW
We have upped our FY2025 and FY2026 forecasts at the operating profit level to €4.6bn and €4.85bn respectively. This implies operating margins of c.13.6%. Achieving the top-end of the 12-15% targeted would drive the shares further. A tight North Atlantic capacity market could drive this earlier than expected. Our price target is upped to £3.50 (from £3.15).
