EADS "hold," target price raised

04.03.08 - UniCredit Markets & Investment Banking

LONDON, March 4 (newratings.com) - Analysts at Unicredit maintain their "hold" rating on EADS (EAD). The target price has been raised from ?18.00 to ?19.60.

In a research note published this morning, the analysts mention that the US Air Force has selected a Northrop Grunman/EADS tanker aircraft based on EADS?s A330 MRTT. The total value of the deal pertaining to EADS stands at $35 billion, split into three phases, the analysts add. The deal is expected to have a limited financial impact on the company?s near-term earnings, Unicredit says.