Jarden keeps a neutral rating for Air NZ

Air NZ shares are down but Jarden says they reflect fair value. (Image: Getty)

Fri, 13 Oct 2023

Jarden analysts have kept their “neutral” rating of Air New Zealand after the airline told the market yesterday it was seeing weakness in the domestic travel market.“We retain our neutral rating with the stock having traded down but reflecting fair value in our view, given a soft outlook and elevated risk factors (volatility in fuel prices, inflation),” Jarden’s Grant Lowe and James Stanners wrote today.“We note supportive factors, including strong forward pricing and a supportive industry...

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