Thales: UBS raises target price to 110 euros.
(CercleFinance.com) - On Friday UBS raised its target price on the Thales stock from 105 euros to 110 euros, after the broker revised its DCF model and the valuations of peers of the French defence electronics group.
France defence commitment and exports “support our estimates for 5%-6% revenue organic growth,” the broker adds in a note.
As such, UBS has confirmed its "buy" rating on the stock.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
France defence commitment and exports “support our estimates for 5%-6% revenue organic growth,” the broker adds in a note.
As such, UBS has confirmed its "buy" rating on the stock.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.