(CercleFinance.com) – Airbus gains almost 1% in Paris while Oddo BHF reaffirms its ‘outperformance’ opinion and its target price of 145 euros on Airbus, its favorite stock (‘top pick’) in aeronautics and La Défense with Safran, in a sector note following the Paris Air Show.
‘While the number of orders from the 2023 Paris Air Show may have disappointed some investors, we are, for our part, more confident. Demand, in both new and after-sales, shows no sign of slowing down, ‘said the analyst.
‘The health of the supply chain is gradually improving and the level of safety stocks is deemed satisfactory by OEMs and Tier 1s. Engine manufacturers are the big winners of this show with an incrementally favorable feeling’, he continues.
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