Davy expects Ryanair to revitalise growth this coming year

Davy Stockbrokers is picking Ryanair as its transport stock of 2013 as it expects the no-frills airline to revitalise growth.

In a detailed analysis of the airline market, Davy forecast that Ryanair’s stock price could increase from €5.35 to over €6 in the coming year.

Analyst Stephen Furlong said he can see the airline growing. “With a favourable capacity environment, positive revenue momentum, and the potential for a renewed growth story, we are increasing our Ryanair price target to €6 (from €5.35),” he said.