Safran: Jefferies upgrades its recommendation

(CercleFinance.com) - Jefferies has raised its recommendation on Safran from 'hold' to 'buy', with a price target raised from 230 to 260 euros, following last December's Investor Day (CMD) 2024 and the share's devaluation in recent months.


The broker explains that it has raised its position on the basis of vigorous EPS growth (+21% p.a. on average over the period 2023-28), which it believes justifies a higher multiple than the one it had previously taken into account.

Conservative CFM56 revenue and currency assumptions mean that we are comfortable with being well above guidance for 2028 (€7.1 billion vs. €6.0-6.5 billion)', adds Jefferies.

Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.