EFTA01103701Set 9
2014-11-0389p57,380w
American Airlines (AAL), Delta Air Lines, Inc. (DAL), FLY Leasing Ltd. (FLY), IAG
(IAG.MC), JetBlue Airways Corp. (JBLU), Lufthansa (LFIAG.DE), Ryanair (RYA.I), Southwest Airlines Co. (LUV), United Continental
Holdings ... CHASE & clients of J.P. Morgan.
EFTA01103706
J.P.Morgan Global Corporate Research
30 April 2015
Neutral
IAG lAG.MC, IAG SM
Price: E7.76
60 Second Update - ALERT
29 April 2015
IAG beat relatively ... analyst call at 9am BST for more details on guidance.
Bloomberg JPMA BAKER COO>
• IAG QI results beat. IAG's E25m of operating profits beat our lower J.P. Morgan Secunbes
https://www.justice.gov/epstein/files/DataSet%209/EFTA01103701.pdf
EFTA00401802Set 9
2012-11-136p2,037w
Barc downgrade CPR IM
Key Research: HSBC downgrade EOAN GY, UBS downgrade IAG LN, HSBC downgrade DPW GY
Key Research: UBS downgrade AVV LN, RBC upgrade AVV LN
Reporting ... AEZS, API, BIOF, CIDM, DCIN, DVOX, EGL, EVOL, FIGI, GA, GALE, GFF, GSB, HMIN,
IAG, KOOL, LOV, LPR, MTSI, NKTR, NLST, ROCM, SUMR, TCX, WAIR, WWD, TOD IM
Economic Data
https://www.justice.gov/epstein/files/DataSet%209/EFTA00401802.pdf
EFTA00850678Set 9
2015-07-212p564w
think will benefit from this theme.
• Airlines: Ryanair (RYA ID), International Consolidation Airlines (IAG LN)
• Online Travel: Priceline (PCLN), TripAdvisor (TRIP)
• European hotels: Accor (AC FP), Tui (TUI1 GR)
Name ... Ticker Rating Target
RYANAIR HOLDINGS PLC RYA ID OW 13.50
INTL CONSOLIDATED AIRLINE-DI IAG LN N 619.16
PRICELINE GROUP INC/THE PCLN OW 1352.00
TRIPADVISOR INC TRIP N 80.00
ACCOR
https://www.justice.gov/epstein/files/DataSet%209/EFTA00850678.pdf
EFTA02131300Set 10
2013-08-0610p2,632w
Investec upgrades ULE LN, Westhouse downgrades UBM LN, Mediobanca upgrades PC IM, Citi
upgrades IAG LN
• GS upgrades FFP FP, UBS downgrades SGRO LN, BofA upgrades AOIL SS, Berenberg upgrades
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02131300.pdf
Centrica, Covestro, GKN, HeidelbergCement, Linde,
Renault, Rio Tinto, RWE, AccorHotels, ADP, Cineworld, Deutsche Post, IAG, Aixtron, Informs, Micro Focus, Telefonica, Telia, TF1] saw
an average price gain
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01385502.pdf
EFTA02154634Set 10
2012-11-126p1,421w
Nordea upgrades
RATOB SS
Key Research: Barclays lowers pt F IM, Oddo upgrades IAG LN
Reporting Pre-Open: DHI, BZH, CLSN, CYD, DSCI, EVK, MSN, MTDR, NSSC, PATH, RRST, SFUN
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02154634.pdf
EFTA02122552Set 10
2013-11-0710p3,010w
today
US Key Research:
Jefferies upgrades PH (buy), Roth initiates RSOL (buy) & cuts IAG
Stifel downgrades NTAP, W, Blair downgrades INWK, Brean upgrades AEO (buy)
e RBC initiates TWTR
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02122552.pdf
EFTA02121749Set 10
2013-11-089p2,318w
Rheinmetall Q3 revs inline, EBIT light, EPS miss, defence weak, reaffirms guidance (trading -
7.1%)
• IAG Q3 op profit beats, progress in all divisions, guidance ahead, CMD 11/15 (trading +6.2%)
• Meda
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02121749.pdf
EFTA02362651Set 11
2014-09-23336p4,758w
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15U 63%13»±,X Mr' X8V-Iage'--2fY AP9F IR6CE cfAyF*„4FR AiNIV-11,4E)0a0f-F:6 uki6N36* hfIr
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02362651.pdf