EADS "sell"

03.07.06 - Ibersecurities

LONDON, July 3 (newratings.com) - Analysts at Ibersecurities maintain their "sell" rating on EADS (EAD). The target price is set to ?23.60.

In a research note published this morning, the analysts mention that Noel Forgeard and Gustav Humbert, the presidents of EADS and Airbus, respectively, have resigned, in their efforts to end the crisis at the former company. This decision follows the announcement of a delay in the delivery of the A-380, the analysts say. The uncertainty within EADS is expected to continue over the forthcoming months, Ibersecurities adds.