Safran: Barclays raises target price
(CercleFinance.com) - Ahead of its Q3 trading update on 27 October, Barclays reinstates its "overweight" rating on Safran shares, having increased its target price from E159 to E166, after modifying in its euro/dollar exchange rate assumption.
The broker says that the group's sales will probably show that the important after-market business maintained good momentum during the quarter, giving it further upside potential for the aircraft equipment maker's shares.
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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.
The broker says that the group's sales will probably show that the important after-market business maintained good momentum during the quarter, giving it further upside potential for the aircraft equipment maker's shares.
Copyright (c) 2023 CercleFinance.com. 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.