Goldman Sachs initiated coverage of Safran (SAFRY) with a Buy rating and EUR 340 price target The firm believes the European aerospace market is coming out of a period of significant volatility with travel demand outstripping supply. Goldman is constructive on the European engine aftermarket and favors companies in a position to deliver significant near-term capital returns.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAFRY:
- Safran price target raised to EUR 320 from EUR 270 at JPMorgan
- One Stop Systems announces $500,000 contract from Safran Federal Systems
- Safran price target raised to EUR 305 from EUR 235 at Morgan Stanley
- Safran upgraded to Outperform from Market Perform at Bernstein
- Safran SA Reports Strong Earnings Amid Challenges