(News Bulletin 247) – Morgan Stanley initiated coverage of Airbus shares on Tuesday with an ‘overweight’ advice and a target price of 162 euros.
In a study devoted to the European aeronautics sector, the intermediary said it was “strategically positive” on the aircraft manufacturer because of its medium-term growth prospects.
The analyst explains that he expects an average annual growth rate (CAGR) in earnings per share (EPS) over the period 2023-2028, not to mention the increase in cash and the redistributions made to shareholders.
In its note, Morgan Stanley however states that it is well aware, from a short-term perspective, of the existence of supply difficulties likely to put pressure on the manufacturer’s share price.
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