Accueil > Actualité
Actualite financiere : Actualite bourse

Safran: Oddo confirms rating and target price

( - Yesterday evening the group organised a sell-side dinner.
The group shared its confidence in continuing to improve its profitability and in its ability to manage the Max crisis, the broker says.

In particular, the broker retains the following points: In new deliveries, the mix will remain buoyant, with flying engines that should continue to represent a volume exceeding the normative level by around 7% to 9% of an airline's fleet.

Oddo adds that a very gradual recovery of flight resumptions of the B737 Max is new expected. Indeed, the company is confident in its ability to respond to future demands from Boeing.

The broker's increased estimates and the update of its WACC assumptions are leading Oddo to adopt a target price of 147 euros. The broker also confirms its Neutral rating on the stock.

Copyright (c) 2019 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.