UBS reaffirms its 'neutral' stance on Airbus, with a price target lowered from 160 to 151 euros, a new target close to the share's last closing price, following the aircraft manufacturer's earnings warning.

While recognizing this update of 2024 targets as a clarifying event, the broker sees a further downside risk for 2024 estimates and, although longer-term expectations are moderating, 'thinks it's too early'.

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