Broker snap: Easyjet in favour at Commerzbank

6th May 2010 11:35

Commerzbank has reiterated its 'buy' stance on no-frills airline Easyjet citing the growth in passenger numbers recently, adding it expects interim losses to come in at £81m, which is at the top of recent company guidance.Second quarter figures are due next week from the airline. The German broker says EasyJet's targeted growth strategy, focusing on key markets and customer groups, may mean yield development is flat, but it still likes the underlying story. Commerzbank's target price is 500p.