Oddo BHF has reiterated its 'outperform' rating and 175-euro price target on Airbus, following a visit to the Hamburg site which 'confirmed that Airbus is ready for cadence 75, with a degree of flexibility provided by 10 FALs in four countries'.

According to the research firm, the aircraft manufacturer's valuation remains 'particularly attractive, with a 2026 PE of 15.5 times, offering a 12% discount to civil bigcap peers, and a cumulative adjusted FCF of 25 billion euros over 2024-27'.

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