Safran: Barclays significantly raises target price

(CercleFinance.com) - Barclays has confirmed its 'Overweight' rating on Safran shares, significantly raising its target price for them from E180 to E240, which would imply a market cap of at least E100bn for the French aerospace equipment supplier.


"Even after above-market price appreciation (+35% vs. +23% MSCI industrial 6M change)", the broker explains that it is increasing its TP for Safran shares, "based on continued strong relative EBIT and FCF growth".


Copyright (c) 2024 CercleFinance.com. 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.
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.