Jefferies reiterates its 'buy' recommendation on Airbus, but lowers its target price from 195 to 190 euros, in the wake of weaker-than-expected results unveiled by the aircraft manufacturer for the first quarter of 2024.

After an adjusted EBIT 27% below expectations, with all divisions contributing to this shortfall, the broker reduced its 2024 EPS estimate by 4%, to account for a further 100 million euros of headwinds.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.