Qantas (QAN) Shares Recommendation

ABN Amro have upgraded their recommendation for the Qantas (QAN) stock to Buy with a share price target of $3.65. The broker notes that valuation metrics have become more favourable to QAN over the last six months. The broker believes that the share price more accurately reflects the high jet fuel price.

Qantas Limited is listed on the Australian Stock Exchange (ASX) under stock code QAN. You can view their investor website here. The company is involved in the operation of international and domestic air transportation services, the sale of worldwide and domestic holiday tours and associated support activities including catering, information technology, ground handling and engineering and maintenance. Check your charts!