UBS believes that the medium-term consensus is considered tense given the challenges ahead.

The analyst has downgraded the stock to sell (from neutral), while adjusting its target price to 170 pence (from 165 pence). This new TP represents 10% downside potential for the share.

Downward revisions to capacity suggest more difficult months ahead and a risk of lower consensus estimates. We are revising our recommendation to 'Sell,' UBS said.


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