UBS reiterates its neutral recommendation on the stock, with a target price of E200, representing a change of -2%.

' We are broadly in line with consensus on sales expectations for Q1 2024, with sales of 6,175 ME ' says UBS.

' We see an upward outlook in the propulsion sector, but a downward risk in the equipment sector' says the research firm.

For 2024, Safran expects sales of around 27.4 billion euros and operating income before non-recurring items close to four billion euros on an adjusted basis.

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