Adjustment of Valuation by Barclays
- Price Target: The investment bank lowered the price target for Airbus from the previous 190 euros to 185 euros, but maintains the “Overweight” rating. The adjustment could be due to higher operational risks or revised valuation models, although details are lacking in the sources.
- Recommendation: The “Overweight” rating continues to signal an expected outperformance compared to the industry average.
Current Corporate Developments
- Spirit Aerosystems Acquisition: Airbus agreed on April 28, 2025, to purchase parts of the US supplier Spirit Aerosystems for USD 439 million to secure critical production capacities. Airbus is also providing Spirit with non-interest bearing credit lines totaling USD 200 million. The completion of the transaction is scheduled for Q3 2025, pending regulatory approvals.
Market Context and Analyst Opinions
- Price Target Range: The average price target from other analysts is around 183.50 euros, with an upside potential of approximately +30% to the last closing price (140.60 euros). Barclays’ slightly higher price target underscores a more optimistic stance despite the cut.
For private investors, particularly the combination of strategic acquisition (production security) and moderate price target adjustment with continued positive analyst assessment is likely to be significant.