• easyJet plc is trading 4% up at $518.00, extending a sharp rally fueled by continued speculation surrounding a potential takeover bid by US investment firm Castlelake.
  • The stock's upward momentum was further bolstered by Deutsche Bank's upgrade of easyJet to 'hold' from 'sell' on June 10, raising its price target significantly to 540p from 340p.
  • This positive sentiment comes despite broader headwinds for European airlines related to rising jet fuel costs and a recently halved 2026 profit outlook from IATA.