Airbus: Oddo still positive after Q1 results
(CercleFinance.com) - Oddo BHF has reiterated its "outperform" rating on Airbus shares, along with a target price of 142 euros on Airbus, after the aircraft manufacturer published Q1 results that were deemed to be solid, with adjusted EBIT that is 35% above the consensus.
Although volatility remains high in the near term, this first quarter demonstrates the work done on the group's cost structure and the mix effect, the analyst says, adding that his target price for the stock gives it an attractive valuation.
The broker notes a cautious tone regarding the rest of FY 2022, although points out that Airbus has also announced that it is working with its suppliers to enable a gradual increase to 75 A320s per month in 2025, up from 65 in the summer of 2023.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
Although volatility remains high in the near term, this first quarter demonstrates the work done on the group's cost structure and the mix effect, the analyst says, adding that his target price for the stock gives it an attractive valuation.
The broker notes a cautious tone regarding the rest of FY 2022, although points out that Airbus has also announced that it is working with its suppliers to enable a gradual increase to 75 A320s per month in 2025, up from 65 in the summer of 2023.
Copyright (c) 2022 CercleFinance.com. All rights reserved.