Barclays Maintains Underweight on Air France-KLM SA (AFLYY) Feb 2026 to EUR 11

On February 24, 2026, the AFLYY analyst rating from Barclays remained Underweight. Barclays raised its price target to EUR 11 from EUR 9.90 while keeping the rating unchanged. This action signals a modestly improved valuation but continued caution from a major analyst. Investors should note the split signal: a higher target but a conservative recommendation.

Analyst action: Barclays maintained Underweight and raised price target

On Feb 24, 2026 Barclays kept its Underweight rating on Air France-KLM SA (AFLYY). The bank raised its price target to EUR 11 from EUR 9.90. The move was published by TheFly and reflects a better modeled valuation while Barclays stays cautious on industry risks. See the Barclays note source.

What the AFLYY analyst rating change means for investors

A maintained Underweight means Barclays is cautious on stock returns versus peers despite the higher target. The raised EUR 11 price target narrows downside versus earlier fair value estimates. Investors should view this as a signal to prefer selective exposure and risk management rather than broad buying.

Price target, valuation notes, and context

Barclays increased its model valuation, moving the target to EUR 11. A higher price target with an unchanged rating often shows improved near-term metrics but persistent sector or company risks. The single rating change on Feb 24, 2026 is the only update in the recent feed for AFLYY.

AFLYY stock performance and market context

Air France-KLM ADR trades on the OTC market as AFLYY and has a market cap of $38,145,815,869. Recent coverage and quotes are available through MarketWatch for the ADR source. The Feb 24 note coincided with small intraday moves and limited volume impact.

Historical analyst coverage and how this fits

Barclays is a regular watcher of Air France-KLM and its ratings have moved between Neutral and Underweight in recent years. This maintenance continues a cautious stance that reflects sector cyclicality and fuel or capacity risks. With only one recent change, consensus remains split across brokerages.

Trading implications and risk signals from the AFLYY analyst rating

Maintain a measured approach: an unchanged Underweight suggests Barclays sees structural downside or slower recovery potential. The raised price target reduces some near-term downside but does not flip the recommendation. Use price targets, earnings trends, and liquidity to size exposure, and consult the Meyka stock page for live metrics Meyka stock page for AFLYY.

Final Thoughts

Barclays kept the AFLYY analyst rating at Underweight on Feb 24, 2026 while raising its price target to EUR 11. That split action signals improved modeled valuation but continued caution on Air France-KLM’s outlook. For investors this means the stock may have less downside than previously estimated, but Barclays still prefers other names over AFLYY. We note the stock’s market cap of $38,145,815,869 as context for liquidity and index impact. Meyka AI rates AFLYY with a grade of B. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and we are not financial advisors. Use the grade as one input alongside fundamentals, earnings trends, and macro drivers before making decisions. Our AI-powered market analysis platform tracks incoming analyst moves in real time to help investors weigh signals like this Barclays action.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.