Wizz Air initiated at outperform by Bernstein

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Wizz Air Holdings , the U.K.-listed, Central European airline, was initiated at outperform by Bernstein with a £45 price target. Analyst Daniel Roeska called Wizz Air the last great growth story in European airlines, and noted Wizz Air’s home markets in Central and Eastern Europe have about 25% of the short-haul flights per capita of Western European markets. Wizz Air is “low cost to its core” and has demonstrated its ability to compete profitably wing-to-wing with Ryanair , the analyst added. Wizz Air closed Monday at £31.34 and has lost nearly 20% this year.
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