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Airbus: Berenberg lowers target price
(CercleFinance.com) - Berenberg announced on Wednesday that it has lowered its target price for Airbus shares from E119 to E115 (cp: E134, +1.
6%), while renewing its 'sell' recommendation on the stock.
While acknowledging that the European aircraft manufacturer is in a much better strategic and financial situation than its American rival Boeing, the broker believes that the group is nonetheless going through a 'period of turbulence' in view of its recurrent inability to meet its targets, a phenomenon it considers set to persist.
According to the broker, the market is showing a certain 'complacency' by focusing more on the aeronautical group's smiling long-term prospects than on the more immediate risks surrounding aircraft deliveries, profit margins and future shareholder remuneration.
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
6%), while renewing its 'sell' recommendation on the stock.
While acknowledging that the European aircraft manufacturer is in a much better strategic and financial situation than its American rival Boeing, the broker believes that the group is nonetheless going through a 'period of turbulence' in view of its recurrent inability to meet its targets, a phenomenon it considers set to persist.
According to the broker, the market is showing a certain 'complacency' by focusing more on the aeronautical group's smiling long-term prospects than on the more immediate risks surrounding aircraft deliveries, profit margins and future shareholder remuneration.
Copyright (c) 2024 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 information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.