European airline stocks climb as oil price dip helps ease fuel cost worries By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2025
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Source: Investing.com
European Airlines Stock Surge: Shares in European airlines, including Lufthansa and Air France KLM, rose significantly due to a drop in oil prices following OPEC+'s announcement to increase output by 411,000 barrels per day starting in June.
Oil Prices Decline: Brent and West Texas Intermediate crude futures fell by approximately 2% as concerns over higher supplies and weak demand continued to pressure oil prices, which are nearing a four-year low.
Analyst Views on LCO
Wall Street analysts forecast LCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.375
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Current: 27.375
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
