EU Civil Aero 3Q to Be Challenging, Prefer Rolls, Zodiac: JPM
2014-10-15 10:38:56.655 GMT
By Brian Lysaght
Oct. 15 (Bloomberg) -- Go long into Rolls-Royce Oct. 20-21
CMD, where co. will provide medium-term guidance, JPMorgan says
in note.
* Expect strong rebound in Zodiac earnings after fixing
production issues
* Airbus, Safran have upside, though 3Q results to be
lackluster
* Expected 3Q sector themes: confidence in large aircraft
cycle; mixed aftermkt data; EPS upside if dollar strength
sustained; “growing pains” from R&D, production ramp ups:
JPM
* NOTE: MTU Aero 3Q earnings Oct. 23; Safran 3Q sales Oct. 23;
Meggitt trading update Nov. 5; Airbus 3Q earnings Nov. 14;
Zodiac FY earnings Nov. 24: Bloomberg data
Link to Company News:{AIR FP <Equity> CN <GO>}
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Link to Company News:{SAF FP <Equity> CN <GO>}
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To contact the editor responsible for this story:
Brian Lysaght at +44-20-7330-7908 or
blysaght@bloomberg.net
2014-10-15 10:38:56.655 GMT
By Brian Lysaght
Oct. 15 (Bloomberg) -- Go long into Rolls-Royce Oct. 20-21
CMD, where co. will provide medium-term guidance, JPMorgan says
in note.
* Expect strong rebound in Zodiac earnings after fixing
production issues
* Airbus, Safran have upside, though 3Q results to be
lackluster
* Expected 3Q sector themes: confidence in large aircraft
cycle; mixed aftermkt data; EPS upside if dollar strength
sustained; “growing pains” from R&D, production ramp ups:
JPM
* NOTE: MTU Aero 3Q earnings Oct. 23; Safran 3Q sales Oct. 23;
Meggitt trading update Nov. 5; Airbus 3Q earnings Nov. 14;
Zodiac FY earnings Nov. 24: Bloomberg data
Link to Company News:{AIR FP <Equity> CN <GO>}
Link to Company News:{RR/ LN <Equity> CN <GO>}
Link to Company News:{SAF FP <Equity> CN <GO>}
Link to Company News:{MGGT LN <Equity> CN <GO>}
Link to Company News:{MTX GR <Equity> CN <GO>}
Link to Company News:{ZC FP <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Brian Lysaght at +44-20-7330-7908 or
blysaght@bloomberg.net