UBS Maintains Neutral Rating for Safran with Price Target of 220 Euros

UBS has maintained its "Neutral" rating for Safran, with a price target of 220 euros.

The targets announced during the Capital Markets Day were more conservative than expected, according to analyst Ian Douglas-Pennant.

He prefers to wait for further details from the event before making any adjustments to the rating.

The report, published on December 5, 2024, at 07:49 GMT, highlights UBS's cautious stance in light of the company's strategic updates.

Investors are advised to closely monitor developments as more information becomes available.

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