easyJet PLC
EZJ: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|QJ | LOCK|vL | LOCK|$fXGbM |
EasyJet: Initiating With No Moat; GBX 640 FVE Driven by Improved Business Quality and Fleet Update
We initiate EasyJet with a no moat rating and a fair value estimate of GBX 640. The valuation is being driven by improved business quality and the company increasing its capacity in slot-constrained airports and its ancillary revenue offering.
