Jefferies lowered the firm’s price target on Airbus (EADSY) to EUR 185 from EUR 190 and keeps a Hold rating on the shares following Q1 results. The firm anticipates a “positive” reaction to the release despite the “soft” numbers. Jefferies told investors that it sees the risk/reward not yet being tilted enough to the upside, in a period of concerns of air traffic resilience, and with still limited delivery acceleration so far in Q2.
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