Analyst Chloe Lemarie of Jefferies maintained a Hold rating on SAFRAN SA, retaining the price target of €310.00.
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Chloe Lemarie has given his Hold rating due to a combination of factors that show solid current momentum but limited upside versus expectations. SAFRAN delivered robust Q1 organic sales growth, clearly ahead of consensus, with particularly strong contributions from spare parts and services that mirror the strength already seen at its partner GE.
At the same time, management only indicates comfort with achieving the upper end of its existing guidance rather than signaling a meaningful upgrade, which tempers the outlook. In addition, ongoing uncertainty related to disruptions in the Middle East introduces a risk element that can constrain valuation expansion, leading Lemarie to maintain a neutral, Hold stance rather than move to a more bullish recommendation.
According to TipRanks, Lemarie is a 5-star analyst with an average return of 28.8% and a 74.89% success rate. Lemarie covers the Industrials sector, focusing on stocks such as Airbus Group SE, Rolls-Royce Holdings, and RENK Group AG.
In another report released on April 13, Exane BNP Paribas also initiated coverage with a Hold rating on the stock with a €330.00 price target.