Safran upgraded to Buy from Hold at Jefferies

Jefferies analyst Chloe Lemarie upgraded Safran (SAFRY) to Buy from Hold with a price target of EUR 260, up from EUR 230. The relative re-rating of the shares provides an entry point, the analyst tells investors in a research note. The firm says the “bad news is out,” and Safran’s 2025 should come in at the high-end of the guidance range given Rafale India.