EADS "buy"

11.06.07 - Dresdner Kleinwort Wasser.

LONDON, June 11 (newratings.com) - Analyst Allan Smylie of Dresdner Kleinwort reiterates his "buy" rating on EADS (EAD). The target price is set to ?30.

In a research note published this morning, the analyst mentions that there is potential upside to the company?s share price over the forthcoming months. EADS has received A350XWB orders and is continuing to make progress in its cost saving initiatives, the analyst says. A delay in NGSA is likely to improve the company?s competitive positioning vis-à-vis Boeing, Dresdner Kleinwort adds.