finance
Jefferies Downgrades Safran to Hold, Sets Price Target at €310
Investment bank Jefferies has downgraded French aerospace and defense company Safran to a Hold rating. The firm reduced its price target for Safran shares to €310 from the previous €350. This adjustment reflects Jefferies' updated assessment of Safran's stock performance potential amid ongoing aerospace sector evaluations.
Apr 21, 12:55 AM·1m read1 source
FI
247wallst.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Bank Jefferies downgraded Safran to a Hold rating, @FirstSquawk reported. The firm also trimmed its price target for Safran shares to €310. Jefferies' previous price target for Safran shares was €350.
Is a French aerospace and defense company.
Safran specializes in aircraft engines, aerospace propulsion, and defense equipment. The adjustment reflects Jefferies' updated assessment of Safran's stock valuation amid aerospace sector evaluations.
Provides financial services including investment banking and equity research. The adjustment comes amid ongoing evaluations of aerospace sector stocks, according to the report. No specific reasons for the downgrade were detailed in the report.
