While maintaining its 'neutral' recommendation on IAG (International Airlines Group), UBS is raising its target price from 185 to 195 pence, a new target that implies 18% upside potential for the Anglo-Spanish airline's stock.

Although we are raising our forecasts for fiscal years 2024 and 2025, there remains a risk of weakness in consumer demand", the broker believes after the half-yearly publication by the parent company of British Airways and Iberia.

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