BA (IAG) Shares Impacted by FFP Devaluation?

[clifford]

An interesting snippet from Head for Points:

UBS downgrades IAG shares, partly blames Avios changes​

We will have a longer article on Monday about the discussion on IAG’s recent financial conference call regarding the changes to British Airways Club.

I thought it was worth dropping this little titbit in now. As summarised here:

British Airways owner International Consolidated Airlines Group SA shares have been downgraded to ‘Sell’ by UBS, which has set a new price target of 350p.

Analysts at the bank said that while IAG remains the strongest European long-haul network operator, it sees the balance of share price risk skewed to the downside.

UBS cited four concerns: slowing profit growth, North Atlantic yield trends, the UK economic backdrop, and changes to the Avios loyalty programme.

If anyone has access to the UBS report, we’d be grateful to see it: hello [at] headforpoints.com. Thanks.

Hat-tip to bhbloke on Flyertalk.