FRANKFURT (dpa-AFX Broker) – A new buy recommendation from Deutsche Bank for the shares of Airbus (Airbus SE (ex EADS)) boosted the aircraft manufacturer’s shares on Tuesday.
With an increase of 1.6 percent to 160.40 euros, they positioned themselves at the top of a slightly declining DAX. They continued the rally that began at the end of November and reached their highest level since May.
Analyst Christoph Menard from Deutsche Bank believes Airbus is operationally well positioned for the coming year. The product range is likely to develop more favorably and the number of deliveries will increase. In addition, the shares are “affordable” from a valuation perspective.
Based on updated estimates for 2027, the expert raised the shares from “Hold” to “Buy”./bek/ngu
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