EasyJet rises as much as 6.2% at open, most since January; biggest SXXP gainer.

• Ryanair +3%, IAG +3.4%

• Davy (neutral) says new pretax target of GBP675m-GBP700m exceeds broker est GBP650m

o Says Aug. performance and Sept outlook helped by rev. initiatives, capacity growth and strength on beach routes

o Sees potential for another special div

• NOTE earlier: Easyjet Raises FY Pretax Profit Forecast

o Shares unchanged YTD through yday vs Ryanair +35%