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Safran: UBS estimates in line with consensus

( - UBS reiterates its neutral recommendation on the stock, with a target price of E200, representing 2% downside potential.

We are broadly in line with consensus on sales expectations for Q1 2024, with sales of E6,175m, UBS says.

We see an upward outlook in the propulsion sector, but a downward risk in the equipment sector, it adds.

For 2024, Safran expects sales of around E27.4bn and operating income before non-recurring items close to four billion euros on an adjusted basis.

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