Airbus: Stifel confirms 'buy' rating on stock
(CercleFinance.com) - Stifel maintains its 'buy' rating on Airbus shares, with an unchanged target price of 155 euros, despite slightly disappointing order and delivery figures for September.
The broker points out that deliveries in September remained somewhat "sluggish", at the same level as in August, although that the aircraft manufacturer remains "on track" to achieve its 2021 targets.
Regarding orders, September was again a very quiet month, after an exceptionally strong August. However, the broker reports that the environment still appears solid in view of the recent news of campaigns at Wizz Air and Qantas and a new order from Jet2.
The share isn't really taking off today though - down about 1% at just after 3 pm in Paris.
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.
The broker points out that deliveries in September remained somewhat "sluggish", at the same level as in August, although that the aircraft manufacturer remains "on track" to achieve its 2021 targets.
Regarding orders, September was again a very quiet month, after an exceptionally strong August. However, the broker reports that the environment still appears solid in view of the recent news of campaigns at Wizz Air and Qantas and a new order from Jet2.
The share isn't really taking off today though - down about 1% at just after 3 pm in Paris.
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.