EADS "sell"

30.08.06 - Ibersecurities

LONDON, August 30 (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 according to Russian press reports, the Russian government is likely to have acquired a 4.5%-4.8% stake in EADS through a state-owned bank. Although the Russian press has indicated that this acquisition is aimed at gaining some control in EADS? management, an entry in the company?s board of directors needs the approval of two main shareholders, the analysts point out. Since there is uncertainty regarding the impact of this news, speculations are likely to affect the company?s stock in the near term, Ibersecurities adds.