Safran: increased visibility; Oddo BHF raises target price
(CercleFinance.com) - An analyst at Oddo BHF today said that he is maintaining his "buy" recommendation on the Safran share, appreciating the group's stronger production and supply chain.
The broker says that Safran currently appears to be much more comfortable regarding the output of Leap engines; it has been able to catch up with Airbus thanks to reaching an output of 17/15 engines per week. It also expects that it will be able to get back on track at Boeing.
Oddo has raised its target price for the share from 132 euros to 136 euros. This new target suggests upside potential of 13%.
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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 broker says that Safran currently appears to be much more comfortable regarding the output of Leap engines; it has been able to catch up with Airbus thanks to reaching an output of 17/15 engines per week. It also expects that it will be able to get back on track at Boeing.
Oddo has raised its target price for the share from 132 euros to 136 euros. This new target suggests upside potential of 13%.
Copyright (c) 2019 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.