EZJ.L is trading 3% down today at $557.16 after easyJet’s board rejected takeover proposals from Castlelake and major brokers issued downgrades.
- The board's rejection of Castlelake's interest has reversed a sharp rally fueled by bid speculation, cooling investor sentiment.
- Analysts at Citi and RBC downgraded the stock, flagging a less attractive risk-reward balance and ongoing operational and profitability challenges.