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Citi has initiated coverage of Wizz Air with a “buy” and a one-year target price of 1,630p after the company made its market debut last month. The broker said central and eastern Europe offers “substantial air traffic growth” and Wizz Air is placed to seize this growth opportunity.
Canaccord Genuity has raised its target price for Rockhopper Exploration to 190p from 180p, after the firm announced last week that it had found oil in the North Falkland Basin in the so-called Zebedee well. The broker also reiterated its “buy”recommendation.