Airbus: Jefferies maintains buy rating after Q1 results
(CercleFinance.com) - Jefferies reinstates its "buy" rating on Airbus shares, along with its target price of 150 euros, after the aircraft manufacturer reported Q1 adjusted EBIT that was 75% higher than expected.
"Guidance is reiterated but becomes more challenging as mentioned in the call," the broker says, which also highlights another key element in the publication: its aim to gradually increase its production rate to 75 A320s per month in 2025.
Copyright (c) 2022 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.
"Guidance is reiterated but becomes more challenging as mentioned in the call," the broker says, which also highlights another key element in the publication: its aim to gradually increase its production rate to 75 A320s per month in 2025.
Copyright (c) 2022 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.