Air France is down nearly 1% in Paris after UBS lowered its price target to E12.05 (from E18) with a confirmed buy rating.
This target still represents a potential upside of 44%.

Although earnings pressure is on the downside, we believe this is largely reflected in the share price," says UBS.

The Group reported net income of €165 million for the second quarter of 2024, down €447 million, with operating margin down 3.1 points to 6.5%, despite sales up 4.3% to €7.95 billion.

Benjamin Smith, CEO of Air France, remains confident in the Group's ability to achieve its medium- and long-term objectives.


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