EADS Shares Lose Altitude

As the shrinking dollar soaks up Airbus' profits, Deutsche Bank predicts a slowdown in the industry and downgrades shares of parent EADS

The dark clouds over Airbus' parent company European Aeronautics Defence & Space (EAD.PA) just won't go away. EADS shares plunged nearly 8% on Jan. 7 after a Deutsche Bank (DB) analysts' report predicted slowing aircraft orders this year, along with a continued weak dollar that hurts the European company's competitiveness. "We have growing concerns over commercial aerospace cycle fundamentals through 2008," the analysts said in downgrading EADS shares to sell.

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