The analysts were valuing almost every company too low. They assumed every airline's profit margin would fall to 10% in the long run, when airlines here make way more than that (the middle airline in Realistic 1 makes about 46%). A few got pushed all the way down to 1 cent, like Deutsche BA when reunification raised its tax from 38% to 55%.
Now they expect a company's margin to settle at its industry's middle or its own last year, whichever is lower, but never below 3% for airlines (25% for leasing companies). They also never value a business below what it's worth at its size today. And if your home airport ends up in a new country, your tax moves to the new rate over four years instead of overnight.
Targets update at each company's next valuation, and most go up, a lot of them double or more. Share prices then move toward them over the next game days, with the usual daily limits. Your airline itself doesn't change: cash, fleet, routes and loans are all the same.
Deutsche BA and Dongwoo brother air stay paused until their own fixes go in.
Update: the first valuations are in. In Realistic 1, 38 of 85 targets moved, the middle one up about 1.6x. Realistic 2: 13 of 22, about 2.2x. Sandbox 1: 18 of 39, about 1.2x. Australian Airways, Worldwide Express and CityFly are off the 1 cent floor. A few airlines that are losing money saw targets drop 8-20% (like Myanmar, Heinz, ITA and Aeroflot), because the analysts now use their own margin, at least 3%, instead of assuming 10%.