On Wednesday, Barclays raised its target price for Airbus from 154 to 202 euros, considering the aircraft manufacturer's shares to be a "stock to hold" in its portfolio.

While acknowledging that Airbus will never be a "risk-free" bet, the analyst stresses that its earnings and cash flow profile remains far more predictable than that of its major competitor Boeing, affected by the difficulties surrounding the 737MAX aircraft.

The intermediary - who has an 'overweight' recommendation on the stock - thus expects its free cash flow to reach almost 10 euros per share by 2026.

Despite a market share of over 50% and a solid balance sheet structure, the stock is trading well below its peers in the aeronautics sector, he also points out.

We believe that Airbus shares will continue to rise in 2024 as investors begin to appreciate its earnings potential from a long-term perspective", he concludes.

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