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Investing.com - Deutsche Bank raised its price target on Airbus SE (EPA:AIR) stock to EUR228.00 from EUR209.00 on Thursday, while maintaining a Buy rating following the aircraft manufacturer’s better-than-expected third-quarter performance.
The European aerospace company delivered strong results across all financial measures, with particularly robust performances in its Helicopters and Defence & Space divisions, complemented by effective research and development management in its Commercial aircraft segment.
Airbus maintained its full-year guidance for aircraft deliveries, EBIT, and Free Cash Flow, despite ongoing supply chain challenges, particularly with engine suppliers. The company expects record December deliveries in 2025, though it reduced its A220 production rate target for 2026.
Deutsche Bank views the A220 production adjustment as having only a modest impact on the company’s overall outlook. The bank’s increased price target reflects a valuation methodology change, now comparing Airbus Commercial to Boeing’s 3-year forward EV/EBIT multiples rather than a broader U.S. peer group.
Airbus shares trade on the Paris Stock Exchange under AIR and are also available to U.S. investors through OTC Markets as EADSY.
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