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UBS has maintained a "Neutral" rating for Airbus with a price target of 140 euros, despite the company's weak delivery figures. Analyst Ian Douglas-Pennant suggests that while the market anticipates a new certification for GE's Leap engine will alleviate supply chain issues, he believes its significance is overstated, as bottlenecks persist in various areas.
UBS has maintained a 'Neutral' rating on Airbus with a target price of 140 euros. Analyst Ian Douglas-Pennant noted the company's optimistic outlook for operating results (EBIT) but expressed concerns regarding cash development ahead of the upcoming quarterly figures. Airbus, Europe's largest aerospace firm, generates 71.8% of its revenue from civil aircraft, with significant contributions from security and space systems (17.4%) and helicopters (10.8%).
UBS has maintained a "Neutral" rating on Airbus with a price target of 140 euros. While the aircraft manufacturer expresses optimism about its operating results (EBIT) ahead of quarterly figures, concerns remain regarding cash flow development, according to analyst Ian Douglas-Pennant.
Ian Douglas-Pennant
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UBS maintains neutral rating on Airbus amid ongoing supply chain challenges
21:05 23.10.2024
ubs maintains neutral rating on airbus with target price of 140 euros
20:41 16.10.2024
UBS maintains neutral stance on Airbus with price target of 140 euros
19:53 16.10.2024
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