Analyst Views: Should investors be worried by the slide in Easyjet shares?
GERT ZONNEVELD | PANMURE GORDON
The [statement] suggests trading has continued in line with expectations. Full year cost guidance is slightly better but it is too soon for any visibility on second half yields. Following a great share price performance, we upgrade our target to 1,800p but downgrade our recommendation from buy to hold.
WYN ELLIS | NUMIS
We expect EasyJet to drive strong yield growth due to the quality of its network, the opportunity to take further share from legacy carriers, increased business traffic… and allocated seating. The more positive UK economic outlook should also help.
JAMES HOLLINS | INVESTEC
EasyJet has been our key pick in the airlines sector, delivering reliable and strong earnings growth via aggressive market share gains from network carriers and driving higher yields… However, we now regard the shares as fully valued and we move from buy to hold.