(News Bulletin 247) – Bank of America announced on Friday that it had raised its price target on Airbus from 185 to 200 euros, while maintaining its buy recommendation on the stock.
In a research note, the financial intermediary recognizes that the supply chain of the European aircraft manufacturer remains tense, but underlines that it tends to improve.
Above all, the acceleration of production rates for the A350 and the A330 is a particularly encouraging element, writes the analyst in his study.
If BofA says it is reducing its profit forecasts for 2023, the professional indicates that it is revising its estimates for 2025 upwards on the strength of the new delivery targets communicated by the group.
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