Airbus: weighed down by a double degradation of analysts

Photo credit © Airbus SAS

( — Airbus continues to suffer the revolt of analysts at the end of January. After Deutsche Bank yesterday, it’s the turn of Kepler Cheuvreux and Jefferies to downgrade their recommendation on the file. The first lowered his advice from ‘hold’ to ‘reduce’ and the second reduced his opinion to ‘hold’ while adjusting his target price from 135 to 130 euros. The broker explains that the stock could rally later in the year, particularly if the potential for share buybacks materializes, but it faces several short-term headwinds: inflation effects on costs, first quarter of 2022 which represents a relatively difficult basis of comparison in the defense and space divisions, and commercial aircraft delivery volumes which remain limited by supply chain challenges.

A double degradation which logically weighs on the action of the aeronautical giant this Friday. In last position of the CAC40, Airbus gives back 1.8% to 118.8 euros.


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