Airbus: Barclays raises TP to E200
(CercleFinance.com) - On Friday, Barclays raised its target price for Airbus shares from E166 to E200, while maintaining its 'overweight' recommendation on them.
The analyst points out that the aircraft manufacturer has delivered more aircraft than expected in 2024, with 766 civil aircraft invoiced, compared with 735 in 2023.
In his view, the evolution of the group's outlook in terms of deliveries is set to remain the main driver of its share price.
For 2025, Barclays says it expects 832 aircraft deliveries, followed by 915 aircraft in 2026 and 1005 in 2027, which should enable it to increase its operating income (Ebit) by more than 40% over the 2025-2027 period.
Airbus will unveil its delivery targets for the new 2025 financial year when it publishes its annual results, scheduled for 20 February.
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