Deutsche Lufthansa (DLAKY) Upgraded to Strong-Buy at Zacks Investment Research
Deutsche Lufthansa (OTCMKTS:DLAKY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday. The firm currently has a $43.00 price target on the transportation company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 18.88% from the company’s previous close.
According to Zacks, “Lufthansa German Airlines operates as an autonomous unit within the Lufthansa Group. It maintains its own stations, handling check-in, ticket sales and other services at all the major international airports. Lufthansa is a founding member of the Star Alliance, the world’s first multilateral airline grouping. “
Separately, Deutsche Bank raised Deutsche Lufthansa from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Deutsche Lufthansa currently has an average rating of “Buy” and a consensus price target of $43.00.
An institutional investor recently raised its position in Deutsche Lufthansa stock. Parametric Portfolio Associates LLC lifted its stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 290,265 shares of the transportation company’s stock after buying an additional 5,194 shares during the period. Parametric Portfolio Associates LLC owned about 0.06% of Deutsche Lufthansa worth $6,621,000 at the end of the most recent quarter. Institutional investors own 0.14% of the company’s stock.
Deutsche Lufthansa Company Profile
Deutsche Lufthansa AG is an aviation company. The Company’s segments include; Logistics; maintenance, repair and overhaul services (MRO), Catering and Other. Its Passenger Airline Group segment includes the airlines Lufthansa Passenger Airlines, SWISS, Austrian Airlines and Eurowings. Lufthansa Cargo is the logistics services provider in the Lufthansa Group.
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