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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Barclays upgrades easyJet, Wizz Air

(Sharecast News) - Barclays upgraded Wizz Air and easyJet on Friday as it cited "positive prospects" for European low-cost carriers. The bank lifted Wizz to 'equalweight' from 'underweight' and upped the price target to 2,200p from 1,750p, while easyJet was upgraded to 'overweight' from 'equalweight', with a new price target of 700p, up from 450p.

Barclays said it's positive on the easyJet holidays opportunity to take share and grow profits.

At 1440 GMT, easyJet shares were up 2.2% at 572p, while Wizz shares were 9% higher at 2,164p.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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