Barclays reaffirms its 'Overweight' recommendation on Airbus, with a price target raised from 152 to 154 euros, ahead of the aircraft manufacturer's publication of its results for fiscal 2023, scheduled for February 15.

"The results will see the introduction of financial targets for 2024, the first under the aegis of the new CFO, Thomas Toepfer, whom we expect to be appropriately cautious", points out the broker.

It would not surprise us if these forecasts were to fall short of the consensus of 7.3 billion euros for adjusted EBIT and 5.1 billion euros for free cash flow', it warns in this respect.

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