MARKET TALK: Goldman Sachs Upgrades EasyJet To Buy

16th Jul 2010 07:29

0629 GMT [Dow Jones] Goldman Sachs upgrades easyJet (EXJ.LN) to buy from neutral. Thinks its returns profile merits a share price around 24% higher than it is currently. Says it has competitive strength is its flight network, and expects the company to strengthen this as short-haul operations shrink by necessity. Nudges down the price target to 515p from 520p. Shares closed on Thursday at 414.5p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 16, 2010 02:29 ET (06:29 GMT)

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