EADS "sell"

11.07.06 - Ibersecurities

LONDON, July 11 (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 yesterday, the analysts mention that Airbus has witnessed a substantial y/y decline in orders for commercial aircrafts in 1H06 on account of uncertainties in its long-haul aircraft programme. Orders at Boeing have risen, however, on a y/y basis from the beginning of the year to July 5, the analysts say.