EADS upgraded to "hold"

29.07.09 - Deutsche Bank

LONDON, July 29 (newratings.com) - Analysts at Deutsche Bank upgrade EADS (EAD) from "sell" to "hold." The target price has been raised from ?9.00 to ?11.50.

In a research note published this morning, the analysts mention that the company has reported its 2Q results short of the expectations due to weak margins. Airbus deliveries are expected to improve and have a positive impact on EADS? earnings in 2010 and 2011, the analysts add. Although the company is poised to benefit from increased deliveries, the long term cycle nature of the commercial aerospace segment needs to be taken note of, Deutsche Bank says.