Oddo BHF reiterates its 'outperform' opinion on Airbus, with a price target reduced from 175 to 168 euros, following a warning on 2024 results and a shift in the production rate of 75 A320 aircraft to 2027, a 'welcome re-set' however, according to the analyst.

The new space charge raises questions about the quality of last year's audit and the actual state of play of the various developments", acknowledges the research firm, which is adjusting its own estimates for the 2024-27 period.

The adjustment on Airbus is relatively limited, and the competitive environment leaves the investment case intact in our view", says Oddo BHF, which also considers that, on the basis of its price target, the stock is trading at an attractive valuation.

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