Aegean Airlines declines on analyst cut; Air France-KLM and British Airways up
Aegean Airlines (-0.9%) declined in a day where the majority of European airline shares gained (08-Dec-2010). The carrier fell after National P&K Securities lowered its price target for the carrier’s shares from EUR5 to EUR3 during trading. The analysts attributed the lowering to a cut in its sales forecas, due to “weaker travel demand” in the short to medium term.
