BofA raised the firm's price target on Ryanair to EUR 30 from EUR 26.50 and keeps a Buy rating on the shares. In a note titled 'F1Q preview: fares fall but could fly in 2Q,' BofA noted that conversations with airlines suggested that European short haul bookings "have improved recently, implying upside to guidance" and the firm's estimate of flat year-over-year fares in Q2, and coupled with a lowered fuel price estimate, pushes the firm's price objective higher.
