Airbus price target raised to EUR 190 from EUR 173 at Bernstein

Bernstein raised the firm’s price target on Airbus to EUR 190 from EUR 173 and keeps an Outperform rating on the shares ahead of quarterly results. Airbus delivered 142 commercial aircraft in Q1, up 12% year-over-year from a very weak Q1 2023. It is a solid start, but as Q1 is seasonally weak, it will be more important to see improvement in the subsequent months and quarters as Airbus works toward its guide of 800 deliveries this year, while supply chain challenges remain the limiting factor, the firm says.