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.