BUZZ-European airlines: CS sees fuel price benefits in focus
** Credit Suisse (NYSE: CS - news) sees pricing power becoming a key theme for European airlines investors as lower fuel costs translate to competitive pricing dynamics.
** Cuts Air France-KLM to "underperform", cuts TP to 6.75 euros
** CS estimates International Airlines Group should retain about 58 pct of 2015 fuel price benefits, says stock remains top pick in the sector
** Says Lufthansa likely to pass on about 92 pct of 2015 fuel price benefits to passengers. Cuts the stock to "underperform", lifts TP to 12.55 eur
** Shares (Dusseldorf: DI6.DU - news) in Lufthansa down 1.3 pct in pre-market trade at Lang & Schwarz, compared with DAX index down 0.3 pct
** Hikes TPs on Ryanair and easyJet to 11.65 eur and 1,930 pence, respectively, as demand for low-cost seats continues to outstrip legacy (RM (LSE: RM.L - news) : maria.sheahan.thomsonreuters.com@reuters.net)