In a report released today, Chloe Lemaire from Jefferies downgraded Airbus Group SE (EADSF – Research Report) to a Hold, with a price target of €180.00.
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Chloe Lemaire has given her Hold rating due to a combination of factors impacting Airbus Group SE. Firstly, the company faces potential challenges related to ramping up production and integrating its aerostructures business, which could influence the company’s performance in the coming quarters. These operational hurdles might overshadow the positive results seen in the recent quarter, excluding the new Defense & Space (D&S) charge.
Additionally, the absence of a share buyback announcement indicates a potential lack of support for the stock price in the near future. Chloe plans to reassess her position once there is a more favorable outlook on the A320 line’s momentum. Meanwhile, the price target has been adjusted to €180, reflecting expectations of a slower increase in EBIT for the Commercial segment and a weaker starting point for D&S.
Lemaire covers the Industrials sector, focusing on stocks such as Airbus Group SE, Rolls-Royce Holdings, and BAE Systems. According to TipRanks, Lemaire has an average return of 30.8% and a 90.09% success rate on recommended stocks.
In another report released yesterday, UBS also maintained a Hold rating on the stock with a €140.00 price target.