British Airways delivered its first profits in two years last Friday and received praise from brokers everywhere. But its shares then fell 2% in trading. The BA share price fell 5p to 275.9p at the close on Friday. BAML promptly raised the target price from 295p to 350p. You may recall that the editorial comment section of this service stated back in September that a number of investors had gone long on BA, true to their word those same investors pulled out on Friday on what they saw as the high water mark for BA. They made a tidy profit on the shares. Look to BA shares today to see if the implementation of the UK APD tax has an effect on the price. Investors say that if it does not now then it will.
BA SHARES DIP POST RESULTS
