Deutsche Bank announced on Thursday that it had raised its target price for Airbus from €152 to €165, while maintaining its buy recommendation on the aircraft manufacturer's stock.

In a note released this morning, the analyst said he expected the group to unveil better-than-expected free cash flow (FCF) and a favorable outlook when it published its annual results on February 15.

While it anticipates Ebit of six billion euros for the year, in line with the company's stated objective, FCF is expected to come out at around 4.2 billion euros, well above the three-billion-euro forecast provided by the company.

Deutsche Bank explains that it has also revised its valuation in light of the recent difficulties encountered by the group's major competitor, the American Boeing.

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