British Airways owner IAG has had its ‘buy’ rating restored by analysts at Deutsche Bank (NYSE:DB), who have also raised their price target to 260p.
The bank had downgraded IAG to ‘hold’ in March but with the share price dropping back to 182p currently and the US set to ease its entry requirements in early November “there is a much better backdrop for the shares to kick on from here,” it said in a note.
The rating goes up again to ‘buy’ with the higher target price (which has been raised from 225p before), implying over 40% potential upside for the shares, said Deutsche.
Shares today rose 1.5% to 184.7p.
