(Citi) Buy EADS, Rolls, Safran, Thales on Earnings, Value

EADS, Rolls-Royce and Safran remainkey picks in civil aerospace on earnings growth and valuationupside, Citi says. • In defense, keeps buy on Thales on significant “self-help” margin upside, attractive valuation • Positive outlook on civil aerospace driven by ramp-up in production of new aircraft, rising production of legacy aircraft: Citi • Says stay cautious on defense, expect budgets in U.S., Europe to stay roughly flat over coming years