Jefferies analyst Chloe Lemarie raised the firm’s price target on Safran (SAFRY) to EUR 360 from EUR 350 and keeps a Buy rating on the shares. The company raised its 2025 guidance by a limited EUR100M, a move that was anticipated by consensus and the market, and as a result the share reaction was muted, likely also weighed down by uncertainty about the French budget, the analyst tells investors in a research note. The firm also flagged, however, that the beat is stronger than it appears, with an implied EUR200-EUR250M EBIT upgrade on unchanged profit-generation revenue growth.
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