UPDATE 2-European stocks edge lower, Lufthansa drags after profit warning [Reuters (UK)]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Reuters
European stocks edge lower, Lufthansa drags after profit warning - Reuters 3 Min Read (Reuters) - European stock markets closed marginally lower on Monday with a profit warning from Germany’s Lufthansa hitting airline stocks, while markets globally awaited clues from the U.S. Federal Reserve on its policy direction. The pan-European STOXX 600 index finished 0.1% lower. France’s CAC 40 was led higher by luxury stocks, while IT company Indra Sistemas’ 7.1% slip took Spain’s IBEX 35 0.7% lower. At the U.S. Federal Reserve policy meeting starting Tuesday, investors on balance think an interest rate cut is unlikely while many back a shift toward one in July. A swing in money market pricing toward up-to-three rate cuts by the Fed this year have been at the heart of a recovery for stock markets this month after their worst falls in months in May. [MKTS/GLOB] “The market seemed to be in a kind of cautious mode because of the Fed meeting. A lot has been priced in,” said Craig Erlam, senior mar
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News
- Ryanair faces probe in Italy over anti-competitive practices [Seeking Alpha]Seeking Alpha
- Ryanair Holdings plc (NASDAQ: RYAAY) had its price target raised by analysts at Evercore ISI from $145.00 to $155.00. They now have an "in-line" rating on the stock.MarketBeat
- Ryanair to resume flights to Israel from June [Reuters]Reuters
- Ryanair (RYAAY) Hits 52-Week High: What's Driving the Stock? [Yahoo! Finance]Yahoo! Finance
- European airline CEOs say industry consolidation vital [Reuters]Reuters
RYAAY
Analyst Actions
- 4/4/24 - Evercore ISI Group
RYAAY
Sec Filings
- 4/12/24 - Form 6-K
- 4/9/24 - Form SC
- 4/9/24 - Form 6-K
- RYAAY's page on the SEC website