AIRBUS: -11%, IS IT OVERDONE? stock is taking a major hit as the slide 14 of the CMD presentation mentions that EBIT’16 will be flat vs. EBIT’15. And the sell-side community was definitely not expecting a flat EBIT’16 vs. EBIT’15. We were expecting an EBIT’16 flattish vs. EBIT’15 while the market was expecting a +10% variation EBIT’16 vs. ’15. The 11% drop is partially reflecting the adjustment that the sell sides will have to do in order to stick to the new guidance from Airbus. BUT, our analyst Yan is actually quite in line with these slides and still believes that the story is a Buy (TP Eur66 ; 48% upside). we should see LOs buying on weakness as plenty of hedgies are selling/shorting.