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Lufthansa gains on analyst upgrade; Thomas Cook slumps; Iberia and Vueling pilots to strike

Analysis

Lufthansa (+3.2%) rose with the majority of European airline shares on Wednesday (01-Dec-2010), after a positive note from Goldman Sachs. The analysts upgraded Lufthansa from "neutral" to "buy" by during trading. Conversely, Norwegian (+3.0%) and easyJet (+1.5%) were downgraded from "buy" to "neutral" during the day, due to relative upside.

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