(News Bulletin 247) – Jefferies maintained its recommendation to hold on Safran on Monday, but with a new price target of 165 euros showing an upside potential of 13%.
In a note published in the morning, the American design office explains that it has raised its target on the title due to the improvement in the organic performance of the aeronautical equipment manufacturer in spare parts for commercial aviation and in LEAP engines. .
However, Jefferies says he is cautious in view of the publication of third-quarter sales, scheduled for the end of October, which he believes could suffer from an unfavorable base effect, which leads him to stay away from the value.
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