EADS "buy"

16.02.07 - Dresdner Kleinwort Wasser.

LONDON, February 16 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "buy" rating on EADS (EAD). The target price is set to ?30.

In a research note published this morning, the analysts mention that most of the US investors expect the present delivery cycle to peak at the earliest in 2012/13. The current demand up-cycle is the biggest in the civil aerospace history, with the demand and supply imbalance being the largest ever, the analysts say. The company is expected to increase its focus in the US in 2H07, following the rights issue and the French elections, Dresdner Kleinwort adds.