Airbus: Commerzbank raises target price
(CercleFinance.com) - Commerzbank yesterday confirmed its buy rating advice on the Airbus Group share, following its "robust" quarterly results.
Analysts have raised their target price from 125 euros to 128 euros.
They note that, in terms of operating income, Airbus has outperformed expectations in Q2 (1.15 billion euros, or 16% above the consensus). According to Commerzbank this is due to economies of scale during the ramp-up of the A350.
And now what? Indeed, A220-related costs (the former CSeries acquired from Bombardier) are squeezing analysts' forecasts for 2018 to 2021, even though the costs of this program are not expected to increase significantly: meanwhile, projections for 2022 and 2023 have been raised.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Analysts have raised their target price from 125 euros to 128 euros.
They note that, in terms of operating income, Airbus has outperformed expectations in Q2 (1.15 billion euros, or 16% above the consensus). According to Commerzbank this is due to economies of scale during the ramp-up of the A350.
And now what? Indeed, A220-related costs (the former CSeries acquired from Bombardier) are squeezing analysts' forecasts for 2018 to 2021, even though the costs of this program are not expected to increase significantly: meanwhile, projections for 2022 and 2023 have been raised.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.