A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $5.20 price target on this airline operator’s shares. This follows an announcement by Qantas that its domestic capacity could be back to upwards of 40% of pre-pandemic levels by the end of July. It also notes that there is speculation that international travel between Australia and New Zealand could commence from next month. This would be a positive. As long as there is no second wave, I think Qantas could be a good option for investors.
Morgan Stanley note
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$7.42 |
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Mkt cap ! $11.60B | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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