** Shares in Airbus AIR.PA are seen down between 3%-6%, traders cite softened jet production targets

** The world's largest planemaker loosened its target narrowbody output rate to between 70 and 75 jets a month by the end of next year, blaming engine maker Pratt & Whitney for failing to strike a crucial supply agreement

** It guided for adjusted operating income $(EBIT)$ of around 7.5 billion euros ($8.85 billion) in 2026

** J.P. Morgan and Berenberg say the guidance is below consensus and expect shares to drop

** "However, if AIR can persuade investors that the new guidance is achievable this reset could provide an attractive entry point," J.P. Morgan adds

** Airbus shares are up 1% YTD as of Wednesday's close, after gaining about 30% last year

($1 = 0.8478 euros)

(Reporting by Alessandro Parodi)

((Alessandro.Parodi@thomsonreuters.com;))