what is the right price?

(Boursier.com) — Safran lost 0.5% on the stock market to 224.30 euros this Tuesday, while the broker Bernstein remains at ‘market performance’ on the file, with an adjusted target of 220 to 250 euros. Even though total sales were slightly below expectations in Q3, the Ebit forecast hike is finally coming, even though sales forecasts have been revised downwards. Barclays remains ‘overweight’ with a target of 242 euros on the value, while JP Morgan also overweights the file with a price target of 260 euros after a final publication without any big surprise: The Defense group and aeronautical equipment manufacturer revealed a turnover of 6.639 billion euros (+14%) in the third quarter and updated its annual guidance. It expects a turnover of around €27.1 billion compared to around €27.4 billion previously with a current operating profit of around €4.1 billion, compared to close to €4 billion previously. Free cash flow is forecast at around €3 billion.

Morgan Stanley (‘overweight’) spoke of an “online” publication… “Another solid quarter” for Safran with sales growing organically by 14%. “Overall, few surprises to note in the publication, with investors focusing more and more on the next CMD on December 5,” added the bank. “We do not see much surprise in these results, which in itself is generally positive”, finally estimated Citi (‘purchase’) which nevertheless noted a certain negative impact of the increase in corporate tax In France…