Eads "sell"

29.09.06 - Ibersecurities

LONDON, September 29 (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 the company aims to reduce costs and headcount, while improving efficiency. The analysts expect EADS to seek shareholders funds and new state subsidies to develop its new A-350 model. EADS' share price is likely to be adversely affected in the near term if the company initiates measures to increase its capital, Ibersecurities adds.