|Over a week ago|
Safran upgraded to Buy from Neutral at Citi » 06:3303/2003/20/20
Citi analyst Charles…
Citi analyst Charles Armitage upgraded Safran to Buy from Neutral with a EUR 115 price target. As traffic starts to bottom and life begins to recover, there is "material upside in the shares," the analyst contends.
Safran price target lowered to EUR 66 from EUR 95 at JPMorgan » 15:0803/1903/19/20
JPMorgan analyst David…
JPMorgan analyst David Perry lowered the firm's price target on Safran to EUR 66 from EUR 95 and keeps a Neutral rating on the shares.
Safran price target lowered to EUR 90 from EUR 138 at UBS » 14:0003/1703/17/20
UBS analyst Celine…
UBS analyst Celine Fornaro lowered the firm's price target on Safran to EUR 90 from EUR 138 and keeps a Neutral rating on the shares.
Safran downgraded to Neutral from Overweight at JPMorgan » 05:4703/1603/16/20
JPMorgan analyst David…
JPMorgan analyst David Perry downgraded Safran to Neutral from Overweight with a price target of EUR 95, down from EUR 142. With airlines facing their "worst crisis ever," the analyst is downgrading the shares.
Safran downgraded to Hold from Buy at Berenberg » 04:4403/1003/10/20
Berenberg analyst Andrew…
Berenberg analyst Andrew Gollan downgraded Safran to Hold from Buy with a price target of EUR 115, down from EUR 150. The analyst says valuations of the European aerospace aftermarket suppliers "feel full" even after the recent selloff as coronavirus is set to become a greater challenge to the aviation sector "than any previous demand shock."
Safran price target lowered to EUR 166 from EUR 172 at Barclays » 11:0803/0403/04/20
Barclays analyst Milene…
Barclays analyst Milene Kerner lowered the firm's price target on Safran to EUR 166 from EUR 172 and keeps an Overweight rating on the shares.
|Over a month ago|
Boeing reaches deal with 737 Max engine suppliers, WSJ reports 13:4802/2702/27/20
BA, GE, SAFRY
Safran downgraded to Hold from Buy at Vertical Research » 09:3902/2702/27/20
Vertical Research analyst…
Vertical Research analyst Robert Stallard downgraded Safran to Hold from Buy with a price target of EUR 132, down from EUR 158.
Safran upgraded to Buy from Neutral at Goldman Sachs » 16:2501/1401/14/20
Goldman Sachs analyst…
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.
|Over a quarter ago|
GE joint venture to build more engines for Airbus, WSJ says » 11:5012/2012/20/19
GE, BA, SAFRY, EADSY, UTX
CFM International, a…
CFM International, a joint venture between General Electric (GE) and Safran (SAFRY), has agreed to a deal to produce more LEAP 1A engines for Airbus (EADSY), according to the Wall Street Journal's Benjamin Katz, citing sources familiar with the matter. The Airbus agreement will help CFM as they deal with Boeing's (BA) production halt, the sources added. With CFM increasing its output, Pratt & Whitney, a unit of United Technologies (UTX), will slow its output to around 42%, according to the sources, adding that the previous arrangement was for a 50-50 split. Reference Link