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Jan 31 2020, 07:00 GMT
Wizz Air Holdings
Confidence abounds around FY 2020
- Sectors : Airlines
- Companies : Wizz Air Holdings
DAVY VIEW
Wizz Air’s Q3 results call revealed abundant management confidence for the coming year (FY 2021). Remarks about summer pricing, ancillaries and ex-fuel costs have given the stock energy. In our view, however, broader sell-side estimates have begun to assign a high probability of material earnings growth (>30%). Wizz is well-positioned in the mid to long term but we retain our ‘Neutral’ recommendation as estimates appear fair, if not up, with events.
