(News Bulletin 247) – Deutsche Bank on Thursday raised its price target on Airbus, which rose from 125 to 127 euros following delivery figures for the month of May deemed ‘encouraging’.
The aircraft manufacturer announced last night that it delivered 63 aircraft last month and recorded 17 gross orders.
For the analyst, this is a promising performance knowing that the group had delivered 54 planes in April and reported only four gross orders.
The intermediary thus estimates that the objective of 720 deliveries in 2023 remains within reach of the aeronautics giant, with 476 aircraft remaining to be delivered by the end of the year.
Deutsche Bank indicates for the moment to maintain a ‘hold’ recommendation on the title.
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