0234 GMT - Qantas bulls at Goldman Sachs see the recent wobble in the Australian carrier's shares being related to concerns over the performance of U.S. airlines rather than any notable issue at home. Mulling a 13% share-price decline across seven sessions through March 13, the investment bank's analysts point to recent weaker-than-expected March-quarter updates by United, Delta and American. However, they remind clients in a note that Qantas's recent June-half domestic outlook beat their prior forecast, while its international performance is stabilizing. Qantas should also get a boost from this year's closer-than-usual proximity of three public holidays to each other, they add. GS has a buy rating and A$11.80 target price on the stock, which is down 2.5% at A$8.805. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 16, 2025 22:34 ET (02:34 GMT)
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