Ryanair Shares Slip: Goldman Sachs Downgrade on Fading Tailwinds

Ryanair shares (RYA/ RYAAY) have come under scrutiny today, down 1.29% as Goldman Sachs downgraded the stock from a ‘Buy' to ‘Neutral' rating. The adjustment reflects a belief that the factors previously supporting a more bullish outlook have largely been realized.

Goldman Sachs analyst Patrick Creuset established a price target of €27.50, signaling a tempered expectation for future gains. This decision pivots on the premise that the catalysts underpinning the prior ‘Buy' rating have run their course, alongside a slightly less constructive earnings outlook for Ryanair relative to consensus estimates.

The downgrade suggests a recalibration of expectations, with the firm anticipating a more moderate performance from here. While the airline maintains a strong market presence, concerns surrounding pricing pressures and rising costs may temper future performance.