UBS has raised its recommendation on Air France-KLM from 'neutral' to 'buy', with a price target raised from 1.75 to two euros, a new target that holds a 46% upside potential for the Franco-Dutch airline's stock.

With the potential for consensus improvements, we see the current share price as an attractive entry point", explains the broker, who adds that "we are seeing upward pressure" on the share price.

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