Top of the Street: Airbus, Heidelberg Materials, Infineon

Heidelberg Materials AG

06/03/2026 12:18

A round-up of notable broker activity this morning from Europe's top-ranked* analysts:

** Citigroup upgrades Airbus AIR.PA to "buy" from "neutral", citing growth in the world's largest plane-maker's defense business and positive currency effects

** Citigroup raises German cement producer Heidelberg Materials HEIG.DE to "buy" from "neutral", citing the sector is expected to see a steepened cost curve to sustain for longer which should continue to benefit de-carbonization leaders like the German firm

** UBS cuts Infineon IFXGn.DE to "neutral" from "buy", seeing a limited upside potential for the German chipmaker

(*Analyst rankings from Thomson Reuters StarMine. The scale is from 1-star to 5-star with 5 being the best. Analysts are ranked on earnings accuracy as well as relative performance of recommendations over trailing 12-month & 24-month periods.)

 (Reporting by Ozan Ergenay and Marta Frackowiak)

 ((ozan.ergenay@thomsonreuters.com))