Why Airbus Stock Popped Today
Airbus (OTC: EADSY) is getting a lift from two stock analyst names this morning, as first Barclays lowered its price target on the stock to 185 euros (but maintains an "overweight" rating on the stock, according to StreetInsider.com), while Paris shop Kepler Cheuvreux upgraded the European aerospace giant to "buy" with a 170-euro price target.
Airbus shares are responding with a move 2.8% higher through 10:45 a.m. ET.
Airbus stock is down about 8% over the past month as investors punish the stock for "higher macroeconomic risk" on recession concerns, as The Fly points out today. The stock has already bounced off its lows, however, gaining about 10% over the past three weeks. Kepler, however, believes there are even more gains to be found here and agrees with Barclays that Airbus stock is a buy.
Source Fool.com
