Davy Stockbrokers is looking favourably at Ryanair. While underlying forecasts are unchanged, it has revised its earnings per share forecasts upwards from 28.1 cents to 33.5 cents for March 1999 and from 32.2 cents to 38.9 cents for March 2000. The upgrade is primarily on the back of the adoption of a new accounting policy change. But Davy notes Ryanair's growth and predicts further progress for the share price. The addition of new routes this year will underpin the airline's growth potential.