Deutsche Bank cuts IAG target price on US exposure
By Alexander Bueso
Date: Friday 25 Apr 2025
(Sharecast News) - Analysts at Deutsche Bank lowered their target price for shares of IAG, telling clients that the outlook for transatlantic airlines had "undoubtedly" deteriorated in the aftermath of the reciprocal trade tariffs levied by the US and EU.
On their estimates, all three EU network airlines had a profit exposure to the US of 50% or possibly more.
Hence their decision to cut their estimates for IAG's earnings before interest and tax for 2025 and 2026 by 13% and 10%, respectively.
That saw their target price go down by 8% from 400.0p to 370.0p.
However, they kept their recommendation for the shares at 'buy'.
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