Stifel reiterates its Buy rating on Airbus shares and maintains its price target of 140 E (implying a potential TSR of +23%) following the announcement on orders and deliveries.

' We are reducing our 'Adjusted EPS' estimates by 2% for FY22 and 5% for FY23, mainly due to lower delivery estimates' says the analyst.

Stifel believes that underlying demand remains strong, helped by the reopening in China and the determination of Western airlines to restore their pre-COVID flight schedules.

The next event will be the FY2022 results, on Thursday February 16, 2023.

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