Jet2 downgraded; shares off 2%

  • Jet2 PLC (AIM:JET2) shares fell about 2% after Panmure Liberum downgraded the stock to 'hold' from 'buy', arguing that recent gains have already captured most of the upside. The broker left its target price at 1,980 pence, versus a closing price of 1,795p on Wednesday, reflecting a roughly 50% rally over the past three months.