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BUZZ-Wizz Air flies high with Aug traffic, "buy" initiations

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) in Wizz Air (LSE: WIZZ.L - news) rise 1.3 pct after both UBS (NYSEArca: FBGX - news) and Investec start the stock with "buy" ratings

** Wizz Air also publishes August traffic figures, showing passenger numbers up 19 percent and its load factor - how full its planes are - rising 1 percentage point to 93.2 pct

** "The leading (low cost carrier) in Central and Eastern Europe is set to outperform peers in terms of passenger (and profit) growth due to its highly attractive network anchored in a high growth region," Investec (LSE: INVP.L - news) writes of Wizz Air in a note

** Investec sets a price target of 2,150 pence for Wizz, while UBS has 2,200 pence (RM (LSE: RM.L - news) : victoria.bryan.thomsonreuters.com@reuters.net)