Airbus shares were up on the Paris Bourse on Friday morning, after Deutsche Bank raised its recommendation, saying it saw "light at the end of the tunnel" for the aircraft manufacturer.

Shortly before 9:30 a.m., the European aerospace giant's shares gained 1.2%, making it one of the most actively traded stocks on the CAC 40 and one of the biggest risers on the index, which advanced by 0.5%.

Deutsche Bank announced this morning that it had raised its recommendation on the stock from "hold" to "buy", with a price target raised from 130 to 152 euros.

The intermediary justifies its decision by the improvement in logistical conditions and the prospect of an "inflection point" in aircraft deliveries this year.

"All is not rosy, however", moderates the analyst, who mentions in particular the disappointing performance of the defense and aerospace branch.

The good news, however, is that operating leverage in the commercial aircraft division is managing to absorb the 400 million euro negative impact of defense and aerospace on Ebit', he continues, adding that the easing of inflationary pressures and supply constraints are moving in the right direction as we approach 2024.

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