Air France-KLM share rebounds 2.5%, bolstered by Brent's decline
Following the previous day's pullback that had pushed the stock below its short-term moving averages, Air France-KLM regains momentum on Wednesday. RBC Capital has also raised its price target on the stock, published today, which fuels investor interest in the security.
A rebound that places the stock above its MA20 and MA50, in a quasi-stable SBF 120
The Air France-KLM share gains 2.27% during the session at €12.85, erasing most of the previous day's decline. The stock rises back above its MA20 (€12.36) with a gap of 3.96% and above its MA50 (€12.35) with a gap of 4.05%, after having broken below them during the correction on August 4. The RSI at 53 reflects a neutral configuration, without excess in either direction.
This rebound occurs within a quasi-unchanged SBF 120 during the session, which distinguishes Air France-KLM's movement from the rest of the Paris market and places the stock among the strongest gainers of the broader index. Brent declines 7.26% during the session, at $83.58 per barrel, extending a drop of nearly 14% over just over a week: a relaxation in fuel costs that mechanically constitutes a favorable factor for the group's expenses. Resistance at €13.98 remains the next obstacle to overcome, approximately 9% above the current price.
RBC Capital raises its price target to €12, maintains a "market perform" opinion
In a note dated today, RBC Capital raised its price target on Air France-KLM from €10.00 to €12.00, while maintaining a "market perform" opinion on the security. This analysts' view confirms a reassessment of the stock, without however upgrading the recommendation beyond a neutral opinion. The revised target of €12 remains slightly below the current price of €12.85, which implies that the American bank sees no additional upside potential in the short term compared to current levels.
As a reminder, the second quarter 2026 results published in late July had shown a 9.9% increase in revenue but a 34% decline in adjusted operating income, penalized by a sharply rising fuel bill. Over three months, the stock is still up nearly 43%, bringing its valuation to approximately 3.7 times the expected earnings for the current fiscal year according to the consensus of surveyed analysts.
