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Investing.com - Berenberg has raised its price target on Airbus SE (EPA:AIR) stock to EUR205.00 from EUR200.00 while maintaining a Hold rating following the company’s third-quarter results.
The European aerospace manufacturer reported its Q3 results on October 29, with adjusted EBIT and free cash flow exceeding consensus expectations. Airbus also indicated ongoing gradual improvements in the aerospace supply chain.
Airbus confirmed its full-year guidance, which reinforces expectations for a back-end-loaded delivery schedule and associated financial phasing. Berenberg noted that the lower-than-expected number of "gliders" - aircraft awaiting engines - in Q3 increases the difficulty of achieving the delivery guidance.
This concern is partially offset by supportive commentary from Airbus regarding improving engine supply, according to Berenberg’s analysis of the results.
Following the Q3 report, Berenberg has increased its 2025 EPS estimate for Airbus by 3%, resulting in the higher price target while maintaining its Hold recommendation on the stock.
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