On Tuesday, RBC raised its recommendation on Airbus from 'in line with sector performance' to 'outperform', with a price target raised from €145 to €192.

In a note published early this morning, the Canadian broker believes that it is time to take another look at the stock, in view of the favorable production momentum the aircraft manufacturer is currently enjoying, and its market share gains.

We believe that the recent positive shift in market sentiment can be sustained by continued market share gains in single-aisle aircraft and increased investor confidence in the company's 2025 targets", explains the broker.

RBC thus expects the Group's cash flow to reach 16 billion euros next year, a sufficient amount to propose significant cash redistributions to shareholders.

Finally, the professional believes that the impact of the recall of certain American Pratt & Whitney GTF engines powering its A320neo aircraft seems to be less than feared.

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