FRANKFURT (dpa-AFX Broker) - Lufthansa shares were the most notable performers on the German stock market on Friday morning, rising by almost 7 percent. At €8.638, the crane airline's shares reached their highest level since August 2023. In his latest buy recommendation, analyst Marc Zeck even set a price target of €11, signaling a possible return to the 2023 high.
The ratio between opportunities and risks is becoming increasingly attractive, Zeck wrote. Despite all the problems, such as pressure from unions and competition in the Middle East, the potential can hardly be ignored. The lion's share of the restructuring will be completed by 2026. This means that it will be possible to recognize early on whether the turnaround is successful.
Since the coronavirus crisis in 2020, Lufthansa shares have been bottoming out between €5 and €11, but recently they have been trending upward. However, they are still miles away from their former highs of over €22. /ag/zb
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