Citi downgraded Airbus (EADSY) to Neutral from Buy with a price target of EUR 183, down from EUR 209. The company has material euro and dollar transaction exposure, with most of its costs in euros but sales in the dollars, the analyst tells investors in a research note. The firm says that every one cent weakening of the dollar reduces Airbus fair value by about 3-3.5 euros per share.
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