Jefferies analyst Chloe Lemarie downgraded Airbus (EADSY) to Hold from Buy with a price target of EUR 215, down from EUR 230. 2026 started off with heightened geopolitical tensions, creating an unfavorable backdrop for civil and putting defense back in focus, notes the analyst, who adapts the firm’s pecking order and ratings to reflect this. The firm also cites forex and execution risks for its downgrade.
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