Airbus: Morgan Stanley raises target price
(CercleFinance.com) - On Wednesday Morgan Stanley raised its target price for Airbus shares from 120 euros to 135 euros, maintaining an "overweight" recommendation on the stock.
In a report on the European aeronautics sector, the broker believes that the stock has the most favourable risk/reward profile in the civil aviation sector.
In short, analysts believe that Airbus has the best earnings visibility in the commercial aerospace sector, the most potential positive catalysts, with the stock having the best upside potential.
Continued strong demand for the A321neo and the single-aisle range will boost deliveries and earnings growth in 2022, they add.
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