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Fly News Breaks for January 14, 2020
SAFRY
Jan 14, 2020 | 16:25 EDT
Goldman Sachs analyst Chris Hallam upgraded Safran (SAFRY) to Buy from Neutral with a price target of EUR 169, up from EUR 159. The analyst believes this is an attractive entry point after a period of underperformance, and believes the company can continue to grow its earnings and free cash flow through the grounding of the Boeing (BA) 737 MAX and production pause, which he believes will be a tailwind in 2021 and 2022.
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