Airbus shares have continued their consolidation on Thursday since Wednesday afternoon.
The day before, in the prospect of a large order from China, they were temporarily climbed to almost 174 euros – currently they are currently cost 166.88 euros in Paris (-2.478 percent). The assessment of Citigroup expert Charles Armitage with regard to the effects of the recent weakness of the US dollar to the euro ensures minor mood.
Armitage screwed his price target back to 183 euros and subsequently stroked his purchase recommendation. Airbus has high costs in euros and earn the lion’s share of its sales in the US currency, he explained the negative influence of the weakness of the dollar.
/AG/MIS
Frankfurt (dpa-Afx broker)
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