Accueil > Actualité
Actualite financiere : Actualite bourse

Safran: Jefferies upgrades stock

( - On Wednesday Jefferies upgraded its rating on Safran shares from "underperform" to "hold", raising its corresponding target price from 95 euros to 97 euros.

In a report, the US broker believes that the pressures likely to be exerted on the aircraft equipment manufacturer's business in the near term are now fairly priced in.

"With Q1 sales, management disclosed a number of headwinds for the group, to be offset by solid cost control," the broker said.

"While the ST remains uncertain, especially around China, we believe consensus will now be reset to more achievable levels until 2023-24 given comments on cost inflation, further OE ramp," Jefferies added.

The share is currently down about 1% at 99.5 euros.

Copyright (c) 2022 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.