Safran: Stifel still a buyer

(CercleFinance.com) - Stifel maintains its "buy" rating on Safran shares, with an unchanged target price of 150 euros.


The broker also confirms its EPS estimates, with Safran set to hold a CMD this Thursday, 2 December.

The fact that the stock has dropped nearly 17% since 10 November is an opportunity for investors who want to look beyond the near term, the broker says.

In addition, the analyst says that its CMD could provide more information on the 2025 targets set, with potential updates.

Finally, Stifel mentions the Omicron threat and believes that if the spread of this variant proves to be a blip in the traffic recovery curve, it is unlikely that there will be significant postponements of engine shop visits or aircraft deliveries.


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