Turkish Airlines Stock Tumbles On Political Unrest In Turkey

2025-03-23 04:06:09 ET

Summary

• Despite a 14% decline in stock price, I maintain a strong buy rating for Turkish Airlines with a $112.68 price target.
• Political instability in Turkey and currency exchange risks have negatively impacted the stock, but the company remains undervalued.
• Turkish Airlines saw an 8.2% revenue increase, driven by higher capacity and strong cargo revenues, despite rising costs and lower unit revenues.
• The tough business climate and increasing costs pressure the stock, but Istanbul's developing hub function offers significant upside potential.

In September, I covered Turkish Airlines ( TKHVY ) with a strong buy rating. Initially, the stock price at the Istanbul Stock Exchange, where it has higher volume, gained 15% and 6% in USD. However, the stock price is now down 14%, which obviously is not fitting with my strong buy rating....

Read the full article on Seeking Alpha

For further details see: