Safran price target raised to EUR 140 from EUR 130 at Jefferies

Jefferies analyst Chloe Lemarie raised the firm’s price target on Safran to EUR 140 from EUR 130 and keeps a Hold rating on the shares. The analyst expects Safran to continue to deliver “solid” civil aftermarket growth in Propulsion in the first half of 2023. However, the firm believes continued margin weakness in Interiors and inflation in Equipment will limit margin expansion.