Jarden analysts lower Air NZ target price by 5%

Air NZ will continue to face challenging trading conditions through the first half of the 2025 financial year, Jarden analysts say. (Image: Getty)

Rebecca Howard

Fri, 06 Sep 2024

Jarden analysts lowered their target price on Air New Zealand by 5% as tough trading conditions are expected to continue through the first half of the 2025 financial year. Their 12-month target price is now $0.57 versus $0.60. They continue to hold a neutral rating. The shares last traded down 0.5% at $0.55. “We believe the first half will remain very challenging with potential for a further half-year loss,” analysts Grant Lowe and Zachary McIntyre said.‘Uncertain outlook’They said recent interest rate cu...

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