Airbus: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse has raised its target price for the Airbus share to 106 euros, from 78 euros, while maintaining its outperform rating.
"We believe the A320neo outperforms its competitors (737MAX and C919) in terms of backlog, commercial positions, cancellation risks and operational costs vs older aircraft".
The analyst believes that the market appears to be overly cautious on the program: "We conclude that the stock price does not reflect the EUR70bn programme value that we forecast".
"We think this represents an attractive entry point given long-term opportunities," Crédit Suisse adds.
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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.
"We believe the A320neo outperforms its competitors (737MAX and C919) in terms of backlog, commercial positions, cancellation risks and operational costs vs older aircraft".
The analyst believes that the market appears to be overly cautious on the program: "We conclude that the stock price does not reflect the EUR70bn programme value that we forecast".
"We think this represents an attractive entry point given long-term opportunities," Crédit Suisse adds.
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.