RBC Updates Price Target, Forecasts for Airbus on 'Strong' Q2 Deliveries; Outperform Rating Kept

03:26 AM EDT, 07/16/2026 (MT Newswires) -- RBC Capital Markets adjusted its price target and earnings estimates for Airbus (AIR.PA, AIR.F) to account for the European aerospace company's second-quarter aircraft deliveries. "Airbus reported 237 2Q26 deliveries (25 A220s, 190 A320s, 7 A330s and 15 A350s), up 39% over 2Q25. We are adjusting our 2Q26 and [full-year] estimates to reflect the strong 2Q26 deliveries (we see especially strong 2Q26 FCF and adj. EBIT). The focus remains on the implied (519 aircraft) 2H26 deliveries for Airbus to hit its ~870 [full-year] target, but investor confidence has increased due to the recent strength. The Farnborough airshow is the next potential catalyst (Airbus update on July 21). We are maintaining our Outperform rating and increasing our price target to EUR215 from EUR200," analysts said Wednesday. The research firm anticipates this delivery strength will "likely" result in robust second-quarter results, which Airbus is scheduled to publish on July 29. Accordingly, RBC adjusted its projections, including raising its second-quarter total revenue forecast to 20.6 billion euros, up by 2.5 billion euros from its previous assumption, and its full-year 2026 free cash flow forecast was marginally lifted to 4.6 billion euros. "We believe the Business Update could be a small, positive catalyst for Airbus, and believe the company has momentum heading into 2H26. We view steady order activity, positive supply chain commentary, and growing defense sales as other potential positives at the airshow," the note said.