British Airways owner IAG to continue to rise in 2025, predicts US bank
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JP Morgan has upgraded its target price for International Consolidated Airlines Group (IAG) to 500c, highlighting it as a standout in the transport sector for 2025. Despite expected weakening in freight volumes, airlines like IAG are predicted to benefit from favorable fuel prices and stable demand-supply dynamics.
December 04, 2024 | 1:00 pm
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JP Morgan has upgraded IAG's target price to 500c, citing it as a standout in the transport sector for 2025. Airlines are expected to benefit from favorable fuel prices and stable demand-supply dynamics.
JP Morgan's upgrade of IAG's target price to 500c indicates strong confidence in the company's future performance. The bank's analysis suggests that despite a mixed year for the transport sector, airlines like IAG will benefit from favorable fuel prices and a stable demand-supply balance, which should boost earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100