European aircraft giant Airbus delivered 760 planes to customers last year, 10 less than forecast, but the stock nevertheless started to rise in Paris.
According to Bloomberg’s sources, Airbus delivered almost 120 aircraft to customers in December alone, which helped it get very close to its goal for the year. More detailed information will be published by the aircraft manufacturer on January 9, but the total delivery cannot be much different from the target of 770 aircraft, as in this case the company would have had to make a separate stock exchange announcement, Bloomberg specified.
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Wells Fargo downgraded the aircraft manufacturer Boeing’s stock rating, and the stock, which fell nearly 8%, sank to its lowest level in two years. This year, the company’s stock has declined by nearly 33.5 percent, Reuters reported.
Despite Airbus’ downgraded forecasts, the European planemaker still looks like a better investment than its still-troubled cross-ocean rival Boeing – even if that’s not reflected in either stock’s price at first glance.
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Source: www.aripaev.ee
