SAFRAN SA (0IU8 – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Chloe Lemaire from Jefferies maintained a Buy rating on the stock and has a €290.00 price target.
Chloe Lemaire has given her Buy rating due to a combination of factors that highlight Safran SA’s strong performance and potential for growth. The company is expected to report a significant increase in Q1 sales, projected at €6.98 billion, which represents a 12% year-over-year growth. This positive outlook is largely driven by the Propulsion segment, anticipated to rise by 10% due to robust aftermarket activities.
Furthermore, while original equipment deliveries, particularly LEAP engines, are expected to be softer compared to the previous year, the overall stability in other areas like the M88 engine provides a balanced outlook. The focus on tariffs and their implications on the supply chain will also be crucial topics in upcoming discussions, potentially influencing future performance. These elements collectively underpin Chloe Lemaire’s optimistic stance on Safran SA’s stock, supporting her Buy recommendation.