Stifel maintains its buy rating on easyJet shares, with an unchanged target price of 650 pence.

easyJet posted a final pre-tax loss of £350 million in the first half, a figure finally in line with the preliminary estimates announced four weeks ago.

Stifel reports that the CEO succession has been announced and that Kenton Jarvis (CFO) will take over next year.

'We believe easyJet has identified some sensible earnings drivers supporting management's medium-term targets (pre-tax profit of £1 billion)', reports the broker, who believes the shares are 'reasonably priced'.


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