Jefferies lowered the firm’s price target on Airbus to EUR 190 from EUR 195 and keeps a Buy rating on the shares. Airbus’ Q1 results were weaker than expected, with adjusted EBIT 27% below consensus and all divisions contributing to the miss, the analyst tells investors in a research note. The firm expects only a slightly negative reaction to the release, however, saying management on the call defended the mid-point of the 2024 guidance.
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