(CercleFinance.com) – Jefferies keeps its recommendation to Hold and its target price of 130E on the Safran share.
The advanced talks for the acquisition of the Actuation business of Raytheon Technologies (RTX) do not delight the analyst more than that.
“We flag the low margin potential and weak secondary market nature of this business as potential negatives, as any merger and acquisition for Safran competes with the potential for share buybacks,” says Jefferies.
Copyright © 2023 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.