Airbus: Oddo BHF remains on 'buy', adjusts target
(CercleFinance.com) - Oddo BHF reiterates its 'buy' opinion on Airbus with a target price adjusted from to 89 euros, from 92, in the wake of a new lowering of its international traffic scenario after recent cuts in winter schedules by airlines.
The analyst considers that the halt to the resumption of air traffic in the short term implies a delay, albeit minor, in stock reduction and in the recovery of momentum for the aircraft manufacturer.
On the flipside, the analysts' firm considers that the current momentum offers a solid base driven by a healthy delivery skyline and solid assets (China, ECAs, retirements etc.).
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.
The analyst considers that the halt to the resumption of air traffic in the short term implies a delay, albeit minor, in stock reduction and in the recovery of momentum for the aircraft manufacturer.
On the flipside, the analysts' firm considers that the current momentum offers a solid base driven by a healthy delivery skyline and solid assets (China, ECAs, retirements etc.).
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.