Airbus shares rose 3.4% during Thursday trading in Paris. The stock reached this gain by 08:27 GMT.
Kepler Cheuvreux upgraded the manufacturer to Buy from Hold. The brokerage also increased its price target for the company. Analysts cited an improving industry outlook and stronger internal forecasts for the revision.
Separately, Airbus signed a contract with the Republic of Armenia. The agreement covers the acquisition of six H145 helicopters.