Jefferies confirms its Buy recommendation and its target of E160 on the stock after a dinner organized yesterday with the group's management.

' Here's what we took away: (1) confidence in the turnaround of aerospace margins; (2) a solid space outlook despite the loss of Telesat; (3) defense momentum will last a decade; (4) CMD will be organized next year to provide medium-term visibility; and (5) the UK pension buyback opportunity ' stresses the analyst.

We came away from this event with a more positive view of the shares' potential," adds Jefferies.

Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.