SAFRAN : price target raised by Barclays
The broker maintains its preference for Safran over MTU for 2024, explaining that it sees 'much better opportunities to play the aftermarket theme in Europe with Safran and Rolls-Royce'.
By comparison, Barclays remains 'in-line weighted' on MTU, with a price target raised to 211 euros, expecting it to 'be worth significantly more than its current price, once the additional risk on the GTF engine is removed'.
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