Safran: noting certain optimism, Oddo still a buyer
(CercleFinance.com) - An analyst at Oddo BHF today announced that he is maintaining his "buy" rating on the Safran share, citing optimism displayed by Philippe Petitcolin, group CEO, at a capital markets day organised in London, concerning Safran's short- and medium-term trajectory.
The CMD, scheduled for 29 November, should add new credibility to the group's premium relative to civil aviation peers. The broker has adopted a more constructive medium-term vision of Zodiac, details regarding profitability the Leap program or even stronger cash conversion, the broker explains.
The broker also maintains its target price of 131 euros, meaning upside potential of 11%.
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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 CMD, scheduled for 29 November, should add new credibility to the group's premium relative to civil aviation peers. The broker has adopted a more constructive medium-term vision of Zodiac, details regarding profitability the Leap program or even stronger cash conversion, the broker explains.
The broker also maintains its target price of 131 euros, meaning upside potential of 11%.
Copyright (c) 2018 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.