Safran: Morgan Stanley downgrades stock
(CercleFinance.com) - On Thursday, Morgan Stanley downgraded Safran shares from 'overweight' to 'equal weight', with a target price maintained at E243.
While it believes that the aircraft equipment manufacturer remains the most qualitative case within its coverage area, the analyst considers that the strength of the spare parts market is now well identified and priced in.
As a result, the broker sees less potential for upward revision of market forecasts and expansion of valuation multiples, as well as fewer catalysts on the short-term horizon.
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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.
While it believes that the aircraft equipment manufacturer remains the most qualitative case within its coverage area, the analyst considers that the strength of the spare parts market is now well identified and priced in.
As a result, the broker sees less potential for upward revision of market forecasts and expansion of valuation multiples, as well as fewer catalysts on the short-term horizon.
Copyright (c) 2025 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.