Airbus: Jefferies downgrades stock

(CercleFinance.com) - Jefferies said on Friday that it has downgraded Airbus shares from "buy" to "hold", reducing its target price for them from 135 euros to 130 euros.


In a report, the US broker explains that it expects the aircraft manufacturer to communicate a not very encouraging outlook on the publication of its 2022 annual results on 16 February, with analysts wondering how cautious its 2023 targets will actually be.

The analyst adds that he has reduced EPS estimates for 2023 to 2025 by 6% to 12%, based on a downward revision of its aircraft delivery forecast and the strength of the dollar.


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