Airbus: Barclays stays on 'Overweight', reduces target
(CercleFinance.com) - Barclays reiterates its 'overweight' rating on Airbus, but with a reduced target price of 68 euros, in the wake of the forecasts leading up to the publication of the 3rd quarter results, on 29 October.
The broker says that “we expect most investor focus to be centred on the cash outlook” reminding that “current ambition is for no cash consumption before M&A and customer financing in H2”.
Barclays believes that this target will be reaffirmed, but it considers that investors are likely to remain concerned by the aircraft manufacturer's capacity to generate cash next year.
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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 says that “we expect most investor focus to be centred on the cash outlook” reminding that “current ambition is for no cash consumption before M&A and customer financing in H2”.
Barclays believes that this target will be reaffirmed, but it considers that investors are likely to remain concerned by the aircraft manufacturer's capacity to generate cash next year.
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.