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Jefferies Reaffirms "Buy" Rating for Safran (PNK:SAFRY) with Increased Price Target
Financial Modeling Prepยท 2025-10-25 04:06
Core Viewpoint - Jefferies has reaffirmed its "Buy" rating for Safran and increased the price target from EUR 350 to EUR 360, indicating confidence in the company's future performance [1][6] Financial Performance - Safran raised its full-year forecasts following a strong third-quarter performance, particularly in its core jet engine division, which reported higher-than-expected revenues [2][6] - The company's market capitalization is approximately $147.8 billion, reflecting its significant presence in the aerospace industry [4][6] Stock Performance - Despite the positive outlook, Safran's stock price decreased by 1.77%, or $1.59, to $88.18, with trading fluctuations between a low of $87.72 and a high of $88.58 [3][6] - Today's trading volume for Safran's stock was 21,135 shares on the OTC exchange, indicating investor interest likely influenced by the company's strong financial results [5][6]