Merrion downgrades airline to ‘hold’ after results

RYANAIR was downgraded by one stockbroking firm yesterday as analysts clamoured to offer their take on the airline’s latest set of results.

Merrion Capital downgraded Ryanair’s stock from “buy” to “hold” as it feels the downturn is having a greater impact on the airline’s yields and earnings than it previously expected.

Despite this downgrade the airline was held at buy by many other analysts.