Airbus: Berenberg raises target price
(CercleFinance.com) - Berenberg announced Thursday that it had raised its target price on Airbus from 76 euros to 80 euros, confirming its confidence in the aircraft manufacturer's recovery.
The broker - which has a buy rating on the share - emphasised that its Q3 results were better than expected.
It points out that the group has returned to a positive trend in cash flow.
For Berenberg, the scenario of a recovery and growth prospects are currently plus points for the group.
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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 broker - which has a buy rating on the share - emphasised that its Q3 results were better than expected.
It points out that the group has returned to a positive trend in cash flow.
For Berenberg, the scenario of a recovery and growth prospects are currently plus points for the group.
Copyright (c) 2020 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.