Jefferies analyst Chloe Lemaire maintained a Buy rating on Airbus Group SE today and set a price target of €225.00.
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Chloe Lemaire’s rating is based on several positive indicators for Airbus Group SE. The company reported a significant increase in deliveries for September, with a 46% year-over-year growth, surpassing expectations by delivering four more aircraft than anticipated. This performance suggests a strong operational capability and positions Airbus well to achieve its annual delivery targets.
Additionally, the year-to-date deliveries have increased by 2%, and the company needs a 16% year-over-year growth in the fourth quarter to meet its guidance of 820 deliveries. The firm also recorded 10 new orders in September without any cancellations, maintaining a healthy book-to-bill ratio driven by strong demand for widebody aircraft. These factors collectively contribute to a positive outlook for Airbus, justifying the Buy rating.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a €220.00 price target.