Morgan Stanley Lowers Wizz Air (WIZZ) Price Target to GBX 3,500

Wizz Air (LON:WIZZ) had its target price reduced by Morgan Stanley from GBX 3,775 ($49.17) to GBX 3,500 ($45.59) in a report released on Monday. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 35.34% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Numis Securities raised their price objective on shares of Wizz Air from GBX 4,337 ($56.49) to GBX 4,363 ($56.83) and gave the stock a “buy” rating in a report on Friday, July 27th. Societe Generale reaffirmed a “buy” rating on shares of Wizz Air in a report on Thursday, June 14th. Berenberg Bank assumed coverage on shares of Wizz Air in a report on Tuesday, September 18th. They set a “buy” rating and a GBX 4,000 ($52.10) price target for the company. Finally, Citigroup cut their price target on shares of Wizz Air from GBX 3,700 ($48.20) to GBX 3,450 ($44.94) and set a “hold” rating for the company in a report on Thursday, August 30th. Four analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 3,406.53 ($44.37).

LON:WIZZ opened at GBX 2,586 ($33.69) on Monday. Wizz Air has a 52 week low of GBX 1,597 ($20.80) and a 52 week high of GBX 3,825 ($49.82).

Wizz Air Company Profile

Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes across Europe and the Middle East. The company operates through two segments, Airline and Tour Operator. The Airline segment operates under the Wizz Air brand.

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Analyst Recommendations for Wizz Air (LON:WIZZ)

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