Airbus downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank analyst Christophe Menard downgraded Airbus to Hold from Buy with a price target of EUR 120, down from EUR 130. The analyst says persistent supply chain issues will continue to be a drag on Airbus and Boeing deliveries in 2023, "compromising an already challenging ramp-up." Airbus needs to "rebase delivery expectations once and for all in order to clear current investor concern," writes the firm.