European Aeronautic Defence & Space "sell"

04.09.06 - Ibersecurities

LONDON, September 4 (newratings.com) - Analysts at Ibersecurities maintain their "sell" rating on European Aeronautic Defence & Space Company (EAD). The target price is set to ?23.60.

In a research note published this morning, the analysts mention that BAE had last week exercised its put option for the sale of its stake in Airbus to European Aeronautic Defence & Space Company. Although BAE had delayed the transaction due to its doubts regarding the deal price, press reports indicate that the company aims to close the sale of its stake by the end of this week, the analysts say.