EADS upgraded to "buy"

17.05.06 - Deutsche Bank

LONDON, May 17 (newratings.com) - Analyst Ben Fidler of Deutsche Bank upgrades EADS (EAD) from "hold" to "buy." The target price has been reduced from ?34.5 to ?33.0.

In a research note published this morning, the analyst mentions that the company?s 1Q results were healthy, even after excluding onetime items. The target price has been reduced to reflect a change in the US dollar assumptions, the analyst says. Following a significant decline, EADS?s share price more than reflects the uncertainties surrounding the A350 as well as the changed currency assumptions, Deutsche Bank adds.