Airbus: Berenberg downgrades buy rating, cuts target price
(CercleFinance.com) - On Tuesday morning a Berenberg analyst announced downgrading the Airbus share from "buy" to "hold".
"Airlines are in a cash crisis and will have limited capacity to take delivery of new aircraft in the near term, even with government support," the broker says.
The analyst has also slashed the share's target price from 156 euros to 65 euros.
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"Airlines are in a cash crisis and will have limited capacity to take delivery of new aircraft in the near term, even with government support," the broker says.
The analyst has also slashed the share's target price from 156 euros to 65 euros.
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.