SAFRAN/ADR (OTCMKTS:SAFRY) Rating Lowered to Neutral at Goldman Sachs Group

SAFRAN/ADR (OTCMKTS:SAFRY) was downgraded by Goldman Sachs Group from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, The Fly reports.

Shares of SAFRY opened at $36.34 on Friday. The business’s 50-day moving average is $35.06. SAFRAN/ADR has a 52-week low of $28.47 and a 52-week high of $37.72.


Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion, Aircraft Equipment, and Defense. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion systems for commercial aircraft, military transport, training and combat aircraft, rocket engines, civil and military helicopters, and tactical missiles and drones.

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