Noteworthy Rating Filing: Deutsche Lufthansa (ETR:LHA) Gets Lower Rating From Goldman Sachs Group Inc.. What Is The Stock Target?

November 28, 2016 - By Winifred Garcia

Noteworthy Rating Filing:  Deutsche Lufthansa (ETR:LHA) Gets Lower Rating From Goldman Sachs Group Inc.. What Is The Stock Target?

Deutsche Lufthansa (ETR:LHA) Downgrade

Goldman Sachs Group Inc. has lowered Deutsche Lufthansa (ETR:LHA) stock to a Sell in a report published on 27 November, and has set a 12month PT at EUR 8.00. This target is -36.66% from LHA’s last price.

Deutsche Lufthansa AG (ETR:LHA) Ratings Coverage

Out of 23 analysts covering Deutsche Lufthansa (ETR:LHA), 5 rate it a “Buy”, 11 “Sell”, while 7 “Hold”. This means 22% are positive. €20 is the highest target while €7.50 is the lowest. The €11.68 average target is -5.35% below today’s (€12.34) stock price. Deutsche Lufthansa has been the topic of 104 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was downgraded by JP Morgan on Saturday, March 19 to “Underweight”. Morgan Stanley downgraded it to “Sell” rating and €14.90 target price in Tuesday, March 22 report. On Friday, March 11 the stock rating was upgraded by Equinet to “Buy”. As per Wednesday, May 4, the company rating was upgraded by Independent Research. The firm earned “Underweight” rating on Tuesday, January 12 by Morgan Stanley. The firm has “Hold” rating given on Thursday, September 3 by Deutsche Bank. UBS upgraded Deutsche Lufthansa AG (ETR:LHA) on Tuesday, October 27 to “Buy” rating. The firm has “Hold” rating by Societe Generale given on Thursday, September 17. Equinet upgraded Deutsche Lufthansa AG (ETR:LHA) rating on Wednesday, April 13. Equinet has “Buy” rating and €20 price target. On Saturday, December 19 the stock rating was upgraded by Equinet to “Buy”.

About 1.31 million shares traded hands. Deutsche Lufthansa AG (ETR:LHA) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.

Deutsche Lufthansa AG is an aviation company. The company has a market cap of 5.79 billion EUR. The Company’s divisions include Passenger Airline Group; Logistics; maintenance, repair and overhaul services , Catering and Other. It has a 3.18 P/E ratio. The Company’s fleet consists of approximately 600 aircrafts.

More notable recent Deutsche Lufthansa AG (ETR:LHA) news were published by: Wsj.com which released: “Lufthansa Shares Plunge on Profit Warning as Terror Attacks Hit Bookings” on July 21, 2016, also Bloomberg.com with their article: “Lufthansa Predicts Difficult Second Half as Terror Damps Demand” published on August 02, 2016, Wsj.com published: “Lufthansa Cancels 876 Flights Wednesday as Pilots Strike” on November 22, 2016. More interesting news about Deutsche Lufthansa AG (ETR:LHA) were released by: Wsj.com and their article: “Lufthansa Pilots Union Pushes for Second Week of Strikes” published on November 27, 2016 as well as Wsj.com‘s news article titled: “Europe’s Air Wars Rage as Ryanair Takes Fight to Lufthansa” with publication date: November 02, 2016.

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