---
title: "Jefferies Reiterates Buy on Avio as Strong Start and Robust Order Book Support Unchanged $43.5 Price Target"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286157764.md"
description: "Jefferies has reiterated a Buy rating on Avio S.p.A. with a price target of €43.50, citing a strong start to the year and solid execution in core activities. The company reported double-digit revenue growth in Q1, driven by Space Propulsion, while maintaining its EBITDA margin despite higher costs in U.S. operations. Increased demand, especially from the U.S. Army, has enhanced the Defense Propulsion order book. With guidance confirmed, the risk-reward profile supports a continued Buy recommendation."
datetime: "2026-05-12T20:45:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286157764.md)
  - [en](https://longbridge.com/en/news/286157764.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286157764.md)
---

# Jefferies Reiterates Buy on Avio as Strong Start and Robust Order Book Support Unchanged $43.5 Price Target

In a report released today, Chloe Lemarie from Jefferies maintained a Buy rating on Avio S.p.A., with a price target of €43.50.

Chloe Lemarie has given his Buy rating due to a combination of factors, including Avio’s robust start to the year and solid execution in its core activities. The company delivered double‑digit revenue growth in the first quarter, outpacing Jefferies’ estimates, with Space Propulsion acting as the main engine of expansion while profitability kept pace.

At the same time, Avio maintained its EBITDA margin broadly unchanged even while absorbing higher initial costs for its U.S. operations, indicating good cost discipline. Strengthening demand, particularly from the U.S. Army, has boosted the Defense Propulsion order book and lifted its share of the backlog, and with guidance confirmed and the price target kept at $43.5, the risk‑reward profile supports a continued Buy view.

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