(CercleFinance.com) – UBS confirms its neutral advice on the value with a price target raised to 200 E (instead of 165 E).
‘We believe that Safran’s 25% valuation premium relative to its peers is justified by the good outlook. We see an upside outlook in the propulsion sector, but a downside risk in the equipment sector’ indicates the analysis office.
For 2024, Safran expects a turnover of around 27.4 billion euros and current operating income close to four billion on an adjusted basis.
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