Deutsche Lufthansa AG
LHA: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€1.70 | Dvjs | Qyzfyvj |
Lufthansa: Initiating Coverage With No-Moat and FVE of EUR 6.5 Supported by Cost Rationalization
We Initiate coverage of Lufthansa with a no-moat rating and a fair value estimate of EUR 6.5, supported by robust travel demand, gradual capacity recovery, and enhanced operational efficiency, leading to improved profitability compared with average prepandemic levels.