Airbus upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital analyst Ken Herbert upgraded Airbus to Outperform from Sector Perform with a price target of EUR 192, up from EUR 145. The analyst believes the recent positive shift in sentiment “has room to run” on expectatoins the company’s share gains could expand further and investor confidence in the mid-decade targets improves. Moreover, the potential impact of the GTF engine recall on Airbus seems to be less than feared, the analyst tells investors in a research note.