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Markets are called to open lower this morning. Today is an important day for the markets because:
Stock to watch: Deutsche Lufthansa
We just updated our research report on Deutsche Lufthansa. We have increased our Price Target of Deutsche Lufthansa from €18.65 to €21.38. The previous price target factored-in a difficult 2013; expect subdued FY13 results as result of higher operating costs from the SCORE program and lower revenue from negative forex movements. We expect revenue FY13 to remain flat over FY12. However, we believe that on the 13th of March, positive company guidance, as opposed to results, will be the catalyst for the positive momentum in the price movement. For a copy of our report login to webtrader.
Opinion: We remain bullish on the equity markets with particular reference to European equities. The main reasons being:
For more information on the stocks mentioned in this report or other stocks and bonds we follow, contact our offices on 25688688.
Good day and happy trading!
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