Safran: up sharply, a broker adjusts his recommendation
The research firm - which makes the French equipment maker its preferred choice in the global aerospace and defense market for the new year - justifies its optimism by the more favorable outlook for the civil aviation spare parts segment.
In particular, the analyst expects strong growth in replacement parts for CFM56 engines, thanks to the gradual reopening of the Chinese economy.
Safran's aircraft equipment and cabin interiors businesses should also benefit from the good momentum in wide-body aircraft, he points out in his note.
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