Stock Pick: 10 transport stocks you should own - Deutsche Bank - Business Insider

Become an InsiderAs the European economy starts to recover, some of the hard-hit transportation stocks offer a cheap opportunity in the rotation to value.Visit Business Insider's homepage for more storiesPositive news from Pfizer, Moderna, and AstraZeneca has fuelled hopes of a way out of the coronavirus crisis, prompting optimism from investors on Europe's potential for economic recovery — exemplified by the recent rotation into value.

Moreover, armed with a huge €750 billion recovery fund, the European Union has the ammunition to boost the economic recovery throughout the region. With this positive cyclical background, the transportation and airline business could benefit from pent-up demand, reigniting the beaten-down sector. The Stoxx 600 — a European stock index — has risen by around 15% in November, its biggest one-month gain on record.

"We find it hard to believe that a crisis from which we expect the ULCCs under our coverage to emerge stronger cannot also be turned to the advantage of a LCC like easyJet. As the group looks to build on changes that were afoot before COVID-19, we see significant opportunities for the proposition and cost base to be improved. We also see an attractive valuation — easyJet trades on 5.2x EV/EBITDA for FY23E; our revised €11.5 TP assumes 6.

The same is said for the airports business, according to analyst Siobhan Lynch. "In assessing the 2021 outlook for the European Airports, we have repositioned our stock preferences by raising Fraport to a BUY with a new €60 TP , maintaining BUYs on Aena with a new €164 TP and Flughafen Zürich with a new CHF 182 TP , and maintaining a HOLD on ADP with a new €110 TP ," they wrote.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live updates: Stocks' volatile year, Bitcoin new high, Gold's best year in 10New for subscribers: Stock market live updates: Futures flat on last day of 2020, jobless claims ahead. Check out CNBCPro today. Pro Highly emotional is how I assessed the current stock market. Pro
Source: CNBC - 🏆 12. / 72 Read more »

Stock market correction: Wall Street veteran warns of 10%-15% dropWall Street veteran Peter Kraus breaks down why investors should expect about a 10% to 15% market correction ahead — and shares his thoughts on the GameStop drama, SPAC mania, and bitcoin craze. If I had just one thin dollar for every time I’ve heard this I could buy me that OCEANFRONT CONDO I’ve been yearning for.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ad tech company PubMatic stock pops 10% in first earnings report after December IPO \nAd tech company PubMatic, which launched an initial public offering in December, saw shares pop Tuesday after strong fourth quarter earnings. Welcome to the community, new Bitcoiners. Make sure you follow lisaMakT She understand Bitcoin and have an unflinching optimism about it. She is for transparency and trust 💯 “Everything is good for Bitcoin.” I want to use this opportunity to thank jamesbtcexpert for helping me and my family out in BITCOIN AND FOREX TRADING INVESTMENT since I invested with him I have been earning 10% of my INVESTMENT EVERY WEEK anyone who is interested should contact him now jamesbtcexpert
Source: CNBC - 🏆 12. / 72 Read more »