Virgin Australia rises; Morningstar, Citi raise earnings outlook after profit beat
31/08/2026 02:25
BUZZ-Virgin Australia rises; Morningstar, Citi raise earnings outlook after profit beat Updates with share moves in first bullet
** Shares of Virgin Australia VGN.AX rise as much as 3.6% to A$2.76, rebounding after a 1.4% fall on Friday
** Citi hikes price target to A$3.20 per share, Morningstar raises fair value estimate to A$3.10 per share
** Citi, Morningstar hike earnings forecasts after the carrier reported better-than-expected annual underlying profit on Friday
** Citi cautiously optimistic around anticipated pricing power, Morningstar expects return to capacity growth in FY28
** Session's moves cut stock's YTD losses to 19%
(Reporting by Nichiket Sunil and Shivangi Lahiri in Bengaluru; Editing by Chris Reese)
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