(News Bulletin 247) – Jefferies maintains its Hold opinion on Airbus shares and its price target at 130E.
‘First quarter results, although weak, were slightly better than expected, led by Helicopters’, analyst begins, noting ‘supply chain issues, with deliveries for the fiscal year which would be late, especially for the A350’.
But Jefferies does not see this series of results as a key catalyst for stocks.
‘We are updating coverage data and delivery volumes, with an EPS reduction of 3% for FY24-25. Finally, we are adjusting our revenue to better reflect the impact of inflation, with no effect on EBIT’, the analyst concludes.
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