(CercleFinance.com) – The stock rose nearly 4% after the announcement of a new order from Ethiopian Airlines. Following this contract, Jefferies confirms its buy advice with a price target set at $225.
Ethiopian Airlines has placed an order for five 777 freighter aircraft worth $2 billion at list price.
“Ethiopian operates Africa’s largest cargo terminal from its hub in Addis Ababa, with a fleet of 13 cargo aircraft (10 777-200LRF, 3 737-800F),” says Jefferies.
‘The company’s order book with Boeing now stands at 30 aircraft, including 25 orders from MAX, and an additional memorandum of understanding was signed in March for 5 777X Freighters’ adds the analysis office.
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