NEW YORK (dpa-AFX Broker) - U.S. investment bank Morgan Stanley reinstated an "underweight" rating on Lufthansa with a price target of 6.30 euros following a change in analyst. Increasing economic challenges pose a risk that the so-far robust recovery of European air traffic will get off track, even if limited capacity should prevent a drastic price reversal, new analyst in charge Conor Dwyer wrote in an industry report available Tuesday. He favors airlines that are best positioned to absorb weakening demand and gain market share in such an environment./edh/tih

Original study release date: 01/10/2023 / 04:01 / GMT

First disclosure of original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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