NEW YORK (dpa-AFX Broker) - The US bank JPMorgan has left its rating for Lufthansa at "Underweight" with a target price of 5.70 euros. In recent weeks, investor sentiment for airlines has turned negative, analyst Harry Gowers wrote in an industry commentary published on Thursday. This is due to concerns about lower price increases with lower demand. In his base scenario, however, Gowers assumes an increase of up to five percent on short-haul routes, which would still be a good result. At the moment, nothing points to falling prices, neither for the low-cost airlines nor the network airlines, Gowers made clear. His favorites are Easyjet and Ryanair after the strong price corrections. With Air France-KLM, as with Lufthansa, he sees correction risks for market expectations./ag/ajx

Publication of the original study: 29.05.2024 / 22:45 / BST

First dissemination of the original study: 30.05.2024 / 00:15 / BST