Chloe Lemaire, an analyst from Jefferies, maintained the Buy rating on SAFRAN SA. The associated price target remains the same with €290.00.
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Chloe Lemaire has given her Buy rating due to a combination of factors that highlight SAFRAN SA’s strong financial performance and promising future prospects. The company’s first-half EBIT exceeded expectations by 5%, reaching €2.51 billion, driven by a robust performance in its Propulsion segment. This segment’s stronger margins have been a key contributor to the company’s overall financial health.
Additionally, SAFRAN SA’s free cash flow also outperformed consensus estimates, coming in at €1.83 billion, which is 5% higher than anticipated. The company has raised its full-year guidance, reflecting increased growth in spare parts and services within the Propulsion division. These positive financial indicators and upward revisions in guidance underpin Chloe Lemaire’s optimistic outlook and justify her Buy rating.
In another report released on July 29, RBC Capital also maintained a Buy rating on the stock with a €320.00 price target.