Oddo BHF reiterates its 'outperform' rating on Figeac Aéro and raises its target price from 6.5 to 7.1 euros, following the aeronautical equipment manufacturer's announcement that its annual sales were 3.2% ahead of the research firm's expectations, boosted by the A350.

Oddo BHF also noted that, in the wake of this solid performance, Figeac had revised upwards its annual targets, and raised its own adjusted EBITDA estimates for the Group for its fiscal years 2023 to 2026.

In our view, this publication demonstrates that the company has set short- and medium-term targets that include a sufficiently large cushion to absorb exogenous shocks, and consequently to guarantee upward revisions to the consensus', believes the analyst.

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