Safran: Oddo remains outperforming


Oddo BHF reiterates its “outperformance” opinion and its price target of 133 euros on Safran, believing that the group’s publication for the first quarter of 2022 and the comments during the conference call will reassure investors.

The design office is counting on a ‘good quality’ quarterly turnover, with organic growth of 15%, certainly helped by a very favorable comparison base, but demonstrating strong growth in after-sales despite omicron and the invasion of Ukraine’.

‘With the exception of volatility in the Chinese market, visibility remains strong. Half of the CFM56s have not yet passed through the workshop once and around 25% have only made one pass, ”also underlines the analyst in charge of the file.

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