(CercleFinance.com) – Barclays raised its price target on Airbus on Wednesday, from 154 to 202 euros, considering that the aircraft manufacturer’s stock is a ‘stock to hold’ in its portfolio.
While he recognizes that Airbus will never constitute a ‘risk-free’ bet, the analyst emphasizes that its results and cash flow profile remains much more predictable than that of its major competitor Boeing, which is affected by the difficulties surrounding the aircraft. 737MAX.
The intermediary – which has an ‘overweight’ recommendation on the stock – indicates that it expects its ‘free cash flow’ to reach nearly 10 euros per share by 2026.
Despite a market share of more than 50% and a solid balance sheet structure, the stock trades well below its peers in the aeronautics sector, he also points out.
‘We believe Airbus shares will continue to rise in 2024 as investors begin to appreciate its long-term earnings potential,’ he concludes.
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