EADS upgraded to "buy"

18.05.06 - Deutsche Securities

LONDON, May 18 (newratings.com) - Analyst Ben Fidler of Deutsche Bank Securities upgrades EADS (EAD) from "hold" to "buy." The target price has been reduced from ?34.50 to ?33.00.

In a research note published this morning, the analyst mentions that the upgrade in the rating follows the declaration of EADS's 1Q06 results and the 6% decline in the company's share price. The downward revision in the target price reflects a change in the US dollar assumption, Deutsche Bank adds.