Hints and tips:
... Ryanair - Upgrade to OW (Dec-20 PT of €15.3): RYA is clearly a longterm winner in European aviation with its fortress balance sheet and ultralow costs in our view....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...We forecast c.10-15% FY20 earnings decline in Construction, but Support Services should be more resilient....
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