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AIR - Airbus SE News Story

€103.68 0.8  0.8%

Last Trade - 16/04/21

Sector
Industrials
Size
Large Cap
Market Cap £70.40bn
Enterprise Value £74.04bn
Revenue £43.25bn
Position in Universe 13th / 847

BUZZ-European civil aerospace: Fly me to 2024

Thu 4th March, 2021 9:26am
** J.P. Morgan sees encouraging data on vaccines efficacy
for European civil aerospace, and points to Safran's  SAF.PA 
and Airbus's  AIR.PA  optimism on their medium-term targets
    ** JPM is now "a lot more" confident on the 2023/24 sector
outlook -- "we believe investors will increasingly put higher
multiples on outer year earnings"
    ** JPM upgrades plane engine maker Safran to "overweight"
from "neutral" and raises PTs for Airbus and MTU Aero Engines
 MTXGn.DE  by 12.2% and 12.7% to 120 and 193 euros respectively
    ** As Safran predicted last week a gradual recovery from the
aviation industry's worst crisis, the broker expects its 2024
EPS to be above 2019 levels  urn:newsml:reuters.com:*:nP6N2IJ02C
    ** Airbus' commercial aircraft EBITDA should also be back to
2019 levels in 2024, JPM adds, although the French planemaker
remained cautious on its 2021 delivery outlook  urn:newsml:reuters.com:*:nL8N2KO0S9
    ** Global airline body IATA has flagged risk to 2021 air
traffic and airline cash burn, with international traffic down
86% in January compared to pre-crisis levels  urn:newsml:reuters.com:*:nL5N2L04YF

 ((juliette.portala@thomsonreuters.com))
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