UBS maintains neutral rating on Safran with price target of 215 euros

Safran's third-quarter sales data has led UBS to maintain its "Neutral" rating for the company, with a price target of 215 euros.

Analyst Ian Douglas-Pennant observed that Safran's revenues were in line with consensus estimates, but expressed concerns about the performance of the spare parts and maintenance sector, which fell short of expectations.

UBS's assessment reflects a cautious outlook on Safran's operational performance, considering the mixed results in its revenue streams and the potential impact on future profitability.

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