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On Thursday, Bernstein SocGen Group analysts maintained their Outperform rating for Airbus SE stock (AIR:FP) (OTC:EADSY) with a price target of €198.00. The analysts highlighted ongoing discussions about a potential major order from China, which could be announced at the upcoming Air Show starting June 16.
According to Bloomberg, China might place an order for 200 to 500 airplanes. This aligns with earlier discussions reported in March, which suggested a substantial order was likely following the imposition of tariffs on China by the U.S. in April. The political climate has made it challenging for Boeing (NYSE:BA) to secure such orders.
Despite Airbus being sold out of A320 family airplanes through 2032 and limited availability for A350s, the potential order from China is seen as a positive step in strengthening Airbus’s position in the Chinese market. The analysts believe that Airbus might announce the order at the Le Bourget Air Show.
Airbus has historically used the Air Show as a platform to announce new orders, which could further solidify its market presence. The anticipation of this announcement underscores the strategic importance of the Chinese market for Airbus.
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