By SIMON CONSTABLE
Shares of European aircraft and military manufacturer Airbus could be set to take off following recent turbulence. The company is outpacing its main rival, U.S.-based Boeing, which has suffered from two 737 MAX crashes, a plane door falling off, and a major strike, not to say stranding two astronauts in orbit after Boeing Starliner problems. Airbus should also benefit as Europe builds up military capabilities.“As a long-term holding, Airbus is a good name,” says Nick Owens, an equity analyst at Morningstar. He thinks the fair value of the stock is priced at 165 euros ($188), or 19% higher than the recent €139. “Airbus has a strong franchise and long-term viability,” he says. Read more here.
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