Despite Underwhelming Earnings, Airbus Scores an Upgrade
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
With its shares up 45% over the past year, there was a lot of optimism built into Airbus (NASDAQOTH: EADSY) stock heading into earnings last Thursday. Airbus entirely failed to reward investors' optimism, missing analyst targets for both sales and profits, and warning that delays in obtaining new engines were slowing down deliveries of new airplanes.
And yet, this morning, Connecticut-based equity research firm Vertical Research Partners upgraded Airbus stock anyway. Here are three things you need to know about that.
Source: Fool.com
Boeing Co. Stock
The stock is one of the favorites of our community with 38 Buy predictions and 4 Sell predictions.
As a result the target price of 221 € shows a positive potential of 28.95% compared to the current price of 171.38 € for Boeing Co..
