Airbus to reap tailwind from Boeing woes, suggests Deutsche Bank

Airbus Group (EPA:AIR) should be in a bullish mood when it delivers its full-year results on 15 February given all of the problems hitting its main rival Boeing Co, Deutsche Bank believes. Analysts at the German bank have raised their price target on the European plane maker to €165 from €152 due primarily to “US peer valuation levels and recent events at Boeing”. Deutsche Bank expects Airbus to see an early boost to cash flow from the strong recovery in the airline business over the past 12 months. “FCF [f ...