Ryanair: Nomura to buy before the results

Nomura reiterated its opinion to purchase Ryanair and sets the price target to 5.5 euros, before the release of third quarter results on November 7.

The consulting firm expects an EBIT of 470 million euros and net profit of 403 million euros.

Analysts say the company is one of the less exposed to economic cycles.

They added that Ryanair is on track to gain market share and increase the number of passengers.

Posted in Business News

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