(News Bulletin 247) – Jefferies raised its price target on Airbus on Tuesday, which it raised from 132 to 135 euros, while renewing its buy recommendation on the stock.

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In a study devoted to the aeronautics sector, the broker argues that the aircraft manufacturer is today less richly valued than before the Covid crisis, despite attractive prospects beyond next year.

With demand still as strong as ever, the start of the A320neo is only a matter of time, continues the broker, who believes that Airbus could surprise favorably on the operational level.

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“The possibility of the announcement of share buybacks in 2023 should also promote a certain revaluation,” Jefferies said in its note.

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