Goodbody ups Aer Lingus price target

Dublin: Aer Lingus had its price target raised to €1.50 from €1.25 at Goodbody Stockbrokers, after the carrier said yesterday it expects its 2010 operating result to be “no worse than breakeven”.

Goodbody said it expects the airline to post €16.7m in profit, compared with its previous expectation for an operating loss of €33.3m. Aer Lingus rose as much as 8.5% to €1.02 in Dublin.