Airbus: Credit Suisse still a buyer
(CercleFinance.com) - Credit Suisse has raised its 2021e adjusted EBIT guidance by 12% to 5.
2 billion euros (from 4.6 billion euros), 20% above consensus.
The broker reiterates its Outperform rating on the stock, nudging up its target price by 1% to 138 euros (from 137 euros).
"We expect focus on Airbus's 2021E prospects to ramp over the coming weeks, as 3Q results approach on 28 October," Credit Suisse says.
"Air travel market re-opening to drive next leg of confidence in Airbus delivery plans as new aircraft orders accelerate," it 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.
2 billion euros (from 4.6 billion euros), 20% above consensus.
The broker reiterates its Outperform rating on the stock, nudging up its target price by 1% to 138 euros (from 137 euros).
"We expect focus on Airbus's 2021E prospects to ramp over the coming weeks, as 3Q results approach on 28 October," Credit Suisse says.
"Air travel market re-opening to drive next leg of confidence in Airbus delivery plans as new aircraft orders accelerate," it adds.
Copyright (c) 2021 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.