Airbus: Jefferies upgrades stock
(CercleFinance.com) - Jefferies has upgraded its rating on the Airbus stock from "hold" to "buy," while cutting its target price from 120 euros to 80 euros, saying that, while the aircraft manufacturer's deliveries could fall to around 600 aircraft per year,
"We believe governments should buy new aircraft from Airbus, perhaps 500 to 600 over three years, a kind of inverse 'cash for clunkers'," it says, adding that "New aircraft are normally not bad assets to own".
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"We believe governments should buy new aircraft from Airbus, perhaps 500 to 600 over three years, a kind of inverse 'cash for clunkers'," it says, adding that "New aircraft are normally not bad assets to own".
Copyright (c) 2020 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.