Barclays raised the firm’s price target on Airbus to EUR 202 from EUR 154 and keeps an Overweight rating on the shares. The analyst believes Airbus shares will continue to rise over 2024 as investors come to appreciate its long-term earnings potential. Through the cycle Airbus will remain a relative outperformer with over 50% market share versus Boeing, a solid balance sheet and a valuation far below its aerospace peers, the analyst tells investors in a research note.
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