Investors are likely to monitor Safran (EPA:SAF)'s progress closely, especially in relation to its CFM56 engine program and the impact of foreign exchange rates on its financial outcomes. The upgrade from Jefferies aligns with the broader analyst consensus, which maintains a Strong Buy rating, with price targets ranging from $62.80 to $70.80. The upgrade may influence market sentiment and contribute to the stock's future trajectory on the exchanges where it is traded.
Investors are likely to monitor Safran's progress closely, especially in relation to its CFM56 engine program and the impact of foreign exchange rates on its financial outcomes. The upgrade from Jefferies aligns with the broader analyst consensus, which maintains a Strong Buy rating, with price targets ranging from $62.80 to $70.80. The upgrade may influence market sentiment and contribute to the stock's future trajectory on the exchanges where it is traded.
According to Lemarie, the revised projections place Jefferies' expectations significantly above Safran's own 2028 revenue guidance. While Safran has guided for revenues of between €6.0 billion and €6.5 billion, Jefferies anticipates revenues could reach as high as €7.1 billion.
The upgrade is a response to both the company's financial presentation during the Capital Markets Day and the subsequent market response, which saw Safran's shares experience a decline in value. The new price target of €260 reflects a bullish stance on the stock's potential performance.
Investors are likely to monitor Safran's progress closely, especially in relation to its CFM56 engine program and the impact of foreign exchange rates on its financial outcomes. The upgrade from Jefferies aligns with the broader analyst consensus, which maintains a Strong Buy rating, with price targets ranging from $62.80 to $70.80. The upgrade may influence market sentiment and contribute to the stock's future trajectory on the exchanges where it is traded.
In other recent news, RBC has maintained an Outperform rating on Safran, keeping its EUR240 target. Safran's forthcoming CMD event is expected to reveal more about the company's services division, which has previously lacked detailed financial and operational information. This event is anticipated to offer investors deeper insights, supplementing the 13 additional investment tips and comprehensive financial metrics provided by InvestingPro for Safran.
In other developments, Safran's Belgian facility has completed around 260 LEAP engine shop visits since its inception, with the majority being for the LEAP 1A model. Despite plans to relocate to a new location at the Brussels airport in the first half of 2024, the facility is projected to handle approximately 62 LEAP shop visits this year. Safran has plans to increase this number to around 90 in 2025, with an ultimate goal to reach full capacity of about 125 visits annually by 2027.
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