Stocks in Action: Safran, MTU Aero Engines, Fresenius, Traton, TUI
Reading Time: 4 minutes
Stock 1.) Safran - Travel boom and record-high defense spending create strong outlook, JPMorgan raises price target to €270 and confirms with Overweight (Price potential: 22%) JPMorgan issued a noteworthy Buy rating for Safran on Monday. The French conglomerate is currently benefiting not only from the continued increase in travel and air traffic and rising revenues in the high-margin maintenance and spare parts business, thanks to its strong market position in high-performance engines for megasellers like the A320neo. In the medium term, the...
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