Liking the look of Thomas Cook's first-half results and the potential for a good summer, Bernstein upped its rating on travel group on Friday.
Thomas Cook: Numis downgrades to add with a target price of 159p.
Thomas Cook reported an improvement in first half losses and said it was seeing stronger demand and prices for the summer season across holiday tour and airline bookings.
After Thomas Cook's share price was grounded for nine months, Credit Suisse says it now sees clear skies ahead for the travel group as it upgrades its recommendation on the shares to 'outperform' on Wednesday.
The chance to regain lost demand for its Eastern Mediterranean and North African offerings makes package holiday provider Thomas Cook a "compelling recovery play", said Jefferies.
Ascential plc: Berenberg downgrades to hold with a target price of 400p.
Which? has revealed that millions of holidaymakers haven't been warned properly by travel companies of the consequences of a 'no deal' on aviation post-Brexit, which includes potential flight disruptions and booking cancellations.
Thomas Cook's financial year took off at a steady rate and said but the tour operator said the market remained highly competitive, with continued profits margin pain from increased bed costs in Spain.
Thomas Cook Group plc: Morgan Stanley upgrades to overweight with a target price of 140p.
Thomas Cook: Berenberg downgrades to Sell with a target price of 100p.
Thomas Cook said it was on track to meet expectations this year but problems in the UK, the tour operator's biggest market, overshadowed its annual results.
Pilots working for Thomas Cook reached an agreement with the travel group to call off eight days of strike action planned throughout October.
The cost of travelling to Spain is expected to rise by an additional 5% to 10% next year due to the weakness of sterling, even as other Mediterranean destinations regain the favour of holidaymakers, said Thomas Cook.
Thomas Cook said it was confident of hitting full-year targets after a good summer season and agreed a deal with Swiss hotel investors to buy a stake in a German resort operator and jointly invest in growing the UK company's own-brand hotels.
Thomas Cook has entered into a strategic alliance with Expedia, whereby the US company will become the preferred provider of hotels for Thomas Cook and provide its booking platform to support all city break and hotel-only sales in Europe.
Pilots at Thomas Cook staged a walk out at 3am on Friday morning following a dispute with the travel company over pay, in what was the first strike by UK pilots since the 1970s.
Thomas Cook reported a "good performance" in its third quarter on Thursday, with group revenue rising 14% on a like-for-like basis to £2.27bn, despite what the company called a "competitive environment".
Thomas Cook shares took a hit on Friday after they were downgraded by Barclays after a good rally since last summer.
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Holiday operator Thomas Cook posted its half-year results for the six months to 31 March on Thursday, reporting like-for-like revenue up 3% to £2.99bn, which the board said reflected strong winter demand to Spain and long-haul destinations.