Airbus: UBS raises target price

(CercleFinance.com) - UBS confirms its sell rating on the Airbus stock, although has nudged up its target price for it to E110 (from E107), with the analyst seeeing "an opportunity into Q3 results".


"We see an opportunity into Q3 results as both investor sentiment and sell side Q3 margins estimates look low" the broker says.

"We now believe our FY estimate of 735 deliveries carries downside risk but 720 guidance remains achievable" it adds.


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