Airbus: Oddo BHF remains positive after Boeing's announcements

(CercleFinance.com) - Oddo BHF confirms its 'outperform' rating on Airbus, with it E168 target price, following the measures announced by its competitor Boeing, which reinforce the attractiveness of the European manufacturer's long-haul range, it says.


We believe that the story is still intact, with strong volume growth and leverage from a more agile industrial footprint, which will translate into strong FCF generation once the supply chain has been brought under control, the analyst adds.

Oddo BHF also highlights the attractive valuation, with a rolling 12-month P/E of 19.5x. Based on Oddo's target price, the stock would be trading at a 2026 P/E of 19.3x, an EV/EBIT of 14.6x and an FCF yield of 5.2%, it adds.


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