Wizz Air Holdings PLC (AIM:WIZZ) is facing a tougher near-term trading, that's according to analysts at Panmure Liberum, which has today repeated a 'sell' recommendation.
The stockbroker, in a note, also repeated a 1,000p target price that implies meaningful downside from the current price of 1,159p.
"There is a significant strategic shift underway at Wizz Air. The elements outlined to date appear to point in the right direction. However, details are still awaited and execution is likely to be challenging, with high leverage amplifying both the risks and potential returns," analyst Gerald Khoo said.