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Third party research

Finnair: Long bumpy runway ahead - Evli Research

Finnair

This is a third party research report and does not necessarily reflect our views or values

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Finnair reports Q2 results on Jul 15. Capacity is being scaled up while passenger numbers have bottomed out, but there’s a lot of uncertainty with regards to a meaningful recovery. The rebound will arrive in the years to come, however in our view valuation doesn’t leave much upside. Our TP is now EUR 0.7 (0.75); we retain our HOLD rating.
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