(CercleFinance.com) – Safran fell by more than 1% and thus underperformed a slightly higher CAC40, the action of the aeronautical equipment manufacturer finding itself penalized by comments from UBS which downgraded its recommendation from ‘buy’ to ‘neutral’.
The broker explains that the price is getting closer to its target maintained at 165 euros, and adds that it prefers its German peer MTU Aero Engines (on which it goes from ‘neutral’ to ‘buy’ despite a target lowered from 230 to 205 euros).