Deniz Invest Takes More Bullish View on Turkey’s Airlines Stocks
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PGSUS TI (Pegasus Hava Tasimaciligi AS)
THYAO TI (Turk Hava Yollari AO)
People
Selim Kunter (Denizbank AS)
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UUID: 7947283
(Bloomberg) -- Sharp upturn in passenger traffic is expected to boost revenue yields and load factors, while cost and capacity measures by both Turkish Airlines and Pegasus Airlines seen supporting operating profitability, Deniz Investment analyst Selim Kunter writes in report.
- Says airline officials cited an uptrend in future bookings and have noted that the strong growth will continue in the coming months and that the competitive pressure on pricing is waning
- Revises 2017 forecasts upward, raises target EV/Ebitdar multiples by 0.6 for both
- Upgrades Turkish Airlines to buy vs hold, PT: 8.20 liras, suggesting 20% upside from last close
- Increases recommendation for Pegasus Airlines to hold vs sell, PT: 19.50 liras, suggesting 14% upside from Monday’s close
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PGSUS TI (Pegasus Hava Tasimaciligi AS)
THYAO TI (Turk Hava Yollari AO)
People
Selim Kunter (Denizbank AS)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283