Eads "sell"

21.09.06 - Ibersecurities

LONDON, September 21 (newratings.com) - Analysts at Ibersecurities maintain their "sell" rating on EADS (EAD). The target price is set to ?23.6.

In a research note published this morning, the analysts mention that Airbus expects fresh delays of six months in the A380 plan of deliveries. EADS? healthy business momentum is likely to help the company offset the Airbus disappointment, the analysts say. The company had already indicated a ?300 million impact on its FCF in 2006 and up to a ?1 billion impact in 2008 due to costs and lower deliveries, Ibersecurities adds.