Airbus: Credit Suisse a buyer; maintains target price
(CercleFinance.com) - Credit Suisse has confirmed its buy (outperformance) rating on the Airbus share, betting on robust deliveries from the European aircraft manufacturer at the end of the year.
The broker also maintains its target price at 120 euros.
According to analysts, as of 18 December, 732 (civil) aircraft had been registered by Airbus since the beginning of the year, compared to management's targets of 800 aircraft for FY 2018, or about 780 when excluding the A220. Credit Suisse estimates that at this stage, in December, 59 aircraft have been delivered, including 29 A320neo and six A350s.
In short, the broker says that Airbus would be well on track to meet its annual commitments. In addition, the difficulties with the A380 and A330ceo programs now seem to be a thing of the past.
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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.
The broker also maintains its target price at 120 euros.
According to analysts, as of 18 December, 732 (civil) aircraft had been registered by Airbus since the beginning of the year, compared to management's targets of 800 aircraft for FY 2018, or about 780 when excluding the A220. Credit Suisse estimates that at this stage, in December, 59 aircraft have been delivered, including 29 A320neo and six A350s.
In short, the broker says that Airbus would be well on track to meet its annual commitments. In addition, the difficulties with the A380 and A330ceo programs now seem to be a thing of the past.
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.