Qantas shares have soared to a record high after US investment bank Goldman Sachs upgraded its rating on the airlines improved earnings growth prospects.
Qantas shares gained as much as 3.7 per cent to hit an intraday high of $6.15 on Thursday after Goldman Sachs upgraded its rating on the stock from neutral to buy, and reset the airlines target price at $6.86 more than 15 per cent higher than its most recent close.
The stock later closed at $6.12, up 3.2 per cent.
Goldman Sachs analyst Owen Birrell said Qantas remains well placed to capitalise on a forecast recovery in the Australian domestic travel market led by solid emerging business and international leisure …
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