Sharecafe

QAN – UBS rates the stock as Buy

UBS suspects changes in focus at competitor Virgin Australia ((VAH)) should mean Qantas will maintain an advantage and Virgin will not be able to rely solely on cost initiatives to improve profitability.

UBS suspects changes in focus at competitor Virgin Australia ((VAH)) should mean Qantas will maintain an advantage and Virgin will not be able to rely solely on cost initiatives to improve profitability.

The broker suspects Qantas will prefer profit growth over market share growth, which enables disciplined capacity and unit revenue growth over the next few years. Buy rating maintained. Target is raised to $7.50 from $6.40.

Sector: Transportation.

Target price is $7.50.Current Price is $6.89. Difference: $0.61 – (brackets indicate current price is over target). If QAN meets the UBS target it will return approximately 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).

BW_Ad_tile_aq
Serving up fresh finance news, marker movers & expertise.
LinkedIn
Email
X

All Categories