Safran: in green, an analyst raises his target

( – Safran gains almost 1% in Paris, in the wake of a new analysis from Oddo BHF which this morning reiterated its ‘outperformance’ rating on the stock with a price target raised from 173 to 202 euros.
The analyst estimates that, explaining that the favorable impact of economic tensions is pushing for an upward revision of his estimates for the high-tech group.

‘Certainly, following the recent increase in the price (18.6% since the start of the year), the valuation is tightening with a sliding 12-month PE of 26.5 times compared to 18.5 times for the average five years prior. -Covid, but the visibility is high, judges the analyst.

Oddo BHF estimates the average annual growth of 2023-26 EPS at 19%, with a high degree of certainty, and at almost 11 billion euros the cumulative free cash flow over the next three years, a significant part of which will be returned to the shareholders according to him.

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