Jefferies raised the firm’s price target on Safran (SAFRY) to EUR 350 from EUR 290 and keeps a Buy rating on the shares. Civil aerospace momentum is accelerating, aftermarket upgrades are broad-based, and defense valuations “offer good entry points into an attractive supercycle,” the analyst tells investors in a sector note. In addition to making two upgrades, the firm raised price targets across key names in its European Aerospace & Defense coverage.
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- Safran price target raised to EUR 290 from EUR 275 at Barclays